MKM Mkm Group

    Embargeod Release: 07:00hrs Wednesday 6th July 2005

                                 MKM Group PLC                                 

                      Settlement with Express Newspapers                       

         Date for Annual Results and Intention to Raise further Funds          

The board of MKM Group PLC ("MKM" or "the Company ") is pleased to announce
that it has reached an agreement with Express Newspapers ("The Express") in
respect of its liability under the promotional cruise offer referred to in
recent announcements by MKM. Under the terms of the agreement the Express will
assume almost all of the liabilities arising out of the promotion.

Mark and Victor Koch (Executive Directors of MKM) have made loans available to
MKM totalling �350k. In order to provide a permanent source of funding and to
provide sufficient working capital for MKM to develop its business, the Company
intends to undertake a placing and open offer to raise approximately �1m in new
equity. At the time of the placing and open offer, the Directors referred to
above intend to participate in the placing and convert their loan into equity
in the Company on the same terms as the offer made to Shareholders.

MKM intends to announce its preliminary results for the year ending 31st March
2005 on or about 21st July 2005 and a trading update will be given at that
time. It is also intended that the terms of the proposed placing and open offer
will be announced at that time.

The Directors of the Company (with the exception of Mark and Victor Koch who
are involved in the transaction as related parties) have consulted its
financial adviser W.H. Ireland Limited and believe that the terms of the
transaction are fair and reasonable insofar as the shareholders of MKM are
concerned.

Mark Koch, Chief Executive, commented:

"We have been through an extremely difficult period but are pleased that we can
now see a way forward to get the Company back on track. We are pleased to have
reached this agreement with The Express after protracted negotiations. The
loans that my brother and I have made available to the Company are evidence of
our continued faith in the business. Steps have been taken to reduce the
Company's overheads and we have been able to obtain bank lines of credit to
bridge our working capital requirements until the fundraising is completed. The
future viability of the Company is dependent on the achievement of a successful
fundraising, but following that taking place we believe we can return the
Company to a stable and successful future."

Further Comment:

Clive Garston

Chairman: 0870 365 8100 / 07802356614.

David Youngman

W.H. Ireland Ltd.: 0161 832 2174

Andrew Tan

Hansard Communications: 020 7245 1100



END

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