The Quoted Companies Alliance has published the QCA Corporate Governance (the “QCA Code”) for AIM-listed companies. This Code includes the best guidelines for best practice for AIM companies, comprising ten principles that set a minimum standard, with recommendations for reporting corporate governance matters. The Directors of Mincon recognise the importance of sound corporate governance and the Group has adopted the QCA Code as its chosen code of corporate governance.

The Directors comply with Rule 21 of the AIM Rules and Rule 21 of the ESM Rules relating to directors’ dealings as applicable to AIM and ESM companies respectively and will take all reasonable steps to ensure compliance by Mincon’s applicable employees.

Corporate governance statement from the Chairman of the Board for Mincon Group plc:

This statement was last updated on 28 September 2018

As the Chairman for Mincon Group plc (the "Group", "Company", or "Mincon"), I have an overall responsibility for implementing effective corporate governance.

Working with the the company secretary, I am responsible for our drafting corporate governance statements. The board is collectively responsible for setting the tone and culture of the Company, as well as promoting good corporate governance.

As of 2018, Mincon has adopted the Quoted Companies Alliance (QCA) Corporate Governance Code (the “Code”). Mincon absolutely believes in sound corporate governance and accountability, with our approach to corporate governance very much a part of our culture and business values.

To this end, the board has taken steps to apply the ten principles of the QCA Code as far as it is practicable. Included below are disclosures that detail how the QCA Code is applied by Mincon, with information on how the board is led, its responsibilities, our risk reporting, governance structure, and engagement with stakeholders.

Mincon embraces strong corporate governance, which will be instrumental in the long-term success of the Group. Applying the principles of this Code will ensure sustainable performance  while mitigating risk.

In instances where our application differs to the recommendations proposed by the QCA Code, we provide insight and reasons. We also highlight any significant changes in our corporate governance over the previous 12 months, details of which will be published in the Group’s 2018 Annual Report.

Finally, we will regularly review our governance framework and our approach for how we apply the QCA Code. When changes are made, this statement will be updated.

Mincon makes use of two platforms for communicating its corporate governance structure: the annual report and the investor information area at www.mincon.com. Mincon’s management team and directors also engage directly with shareholders, both private and institutional, to answer their questions.

Patrick Purcell

Chairman

Mincon Group plc

The full statement and details of how Mincon Group plc applies the ten principles of the QCA Code can be downloaded here: Mincon Group plc Corporate Governance Statement