Acquisition

eVestment Company PLC
22 August 2000


           The eVestment Company plc ('the Company')
                                                              
        The eVestment Company acquires Capital Exchange
                               
Introduction
The  eVestment  Company  PLC is pleased  to  announce  that  it
acquired on 21 August the balance of the £1 ordinary shares  in
Capital Exchange Limited ('Capital Exchange') which it does not
already  own, making Capital Exchange a wholly owned subsidiary
of the Company.

Consideration
The  Company will allot 4,750,000 ordinary shares  of  1p  each
('the Vendor Consideration Shares'), credited as fully paid  at
a  price  of  10p per share, for 30,004 £1 ordinary  shares  in
Capital  Exchange,  representing the  remaining  75.7%  of  the
issued  share  capital  of Capital Exchange.  The  Company  had
previously acquired 24.3% of Capital Exchange in April 2000 for
a  cash consideration of £300,000. The total consideration  for
the purchase of Capital Exchange will therefore be £775,000.

Summary of the business
Capital     Exchange    (www.capitalexchange.co.uk)     matches
entrepreneurs who are seeking equity finance with investors. As
a  company authorised to carry out investment business  by  the
Securities   and  Futures  Authority,  it  securely  advertises
business  plans and proposals for fundraising and the  purchase
or  sale  of  businesses  to professional  investors.  It  also
provides guidance for entrepreneurs to help them achieve  their
business objectives.

Reasons for the acquisition
The  acquisition of Capital Exchange is a part of the Company's
strategy  of  developing  a broadly based  technology  business
incorporating principal investment and advisory services.

Financial record
The audited accounts of Capital Exchange for the year ended  30
April 2000 shows a pre-tax loss of £107,000. Net assets at that
date were £257,000.

Chris  Roberts, Chief Executive of the Company commented:  'The
outright purchase of Capital Exchange marks a significant  step
forward  for  us  in becoming a leading provider  of  principal
investment  and  advisory services to  early  stage  technology
companies.   We   are  very  confident  that  the   'technology
revolution' continues to advance and this acquisition means  we
are well positioned to identify, invest in and develop the best
parts of that revolution.'

Application will be made for the Vendor Consideration Shares to
be admitted to AIM on 25 August 2000.  Dealings are expected to
commence on 25 August 2000.

For further information please contact:

Chris Roberts, Chief Executive                    0207 937 4445
Adrian Graham, Finance Director                   0207 937 4445

Notes to Editors:

eVestment invests in and takes an active development role in
young  internet  and e-commerce related businesses.  Current
investments    include   5GM.com,   Web2p.com,   Sellso.com,
4HighTech.com,  Educentre.com, eBop.co.uk,  Sharepeople.com,
18Global.com,   iDefense.com,  Kapok.com,   Mightymatch.com,
Stargig.com,       Unicaworld.com,      Worldoftraining.com,
Easier.co.uk,    Wave.com,   IT   Outpost,    CallServe.com,
WinWin.com,  MusicUnsigned.com, Statpro.com, Grouptrade.com,
G-E-T.com, Medexonline.com, Sunblush.com and Time4Net  .  To
date  Gameplay.com, Freecom.net and Pure Entertainment Games
(investments  no longer held) and Wave Systems  Corporation,
Statpro and Easier (investments still held) have floated.

The  eVestment  management  team,  led  by  Oliver  Vaughan,
Chairman,  and  Christopher Roberts,  Chief  Executive,  has
strong  investment and management experience. Oliver Vaughan
is  and has been a Director of a number of companies with  a
technology  focus,  including Redstone  Telecom  and  Retail
Decisions.  Oliver  was formerly on the  Board  of  Internet
Technology Group, before it was acquired by Concentric.

eVestment  was formed in 1997 and floated on AIM later  that
year. It raised £10.1 million before costs in December  1999
to  provide funds for further investment and a further  £44m
before costs in February 2000