Acquisition

eVestment Company PLC
4 September 2000


                The eVestment Company plc
             ('eVestment' or 'the Company')

 The eVestment Company agrees Heads of Terms with Christows

Introduction
The  eVestment  Company  plc is pleased  to  announce  that,
following  signature of heads of terms,  it  has  agreed  in
principle to acquire Christows Group Ltd ('Christows').  The
acquisition  is  subject  to  contract  and  a   number   of
conditions, including approval by the shareholders  of  both
companies,   satisfactory  due  diligence  and   transaction
structure.

Consideration
It  is  proposed  that  the Company will  allot  391,434,309
ordinary  shares  of 1p each, credited as fully  paid  at  a
price  of 10p per share, for the entire fully diluted  share
capital   of   Christows.   These  shares   will   represent
approximately 40% of the Company's issued and to  be  issued
share  capital following the acquisition. As a  consequence,
shareholders' approval will also be sought for  a  whitewash
within  the  meaning  of  the City  Code  on  takeovers  and
mergers.  The  total  consideration for the  acquisition  of
Christows will therefore be £39,143,431.

The  key executive team of Christows have all agreed  to  be
subject  to  lock in provisions amounting to  a  significant
majority of the consideration.

Summary of the business
Christows  Group  Ltd  (CGL) was  established  in  May  2000
following  the merger of John Duncan & Co Ltd and  Christows
Holdings  Ltd. Currently the group has 85 staff and  advises
approximately  3,500 clients with c. £500 million  of  funds
under management.

Christows was established in Exeter in 1991 and is  now  one
of  the leading firms of portfolio managers and stockbrokers
in  the West of England, a favoured area of UK retirees.  It
is  a  member  firm  of  the London Stock  Exchange  and  is
regulated  by  the SFA. It also has offices in  Bournemouth,
where  its head office is located and in the City of London.
It has established a fund management operation in Dublin.

John  Duncan  &  Co Ltd was formed in 1993, initially  as  a
management consultancy, to provide business advice to small,
in  the  main, private companies. Unusually at the time  the
firm  took carried interests in its clients in lieu of  fees
and  has  successfully developed a portfolio of investments.
In  1994, a subsidiary was set up, Bow Lane Capital  Limited
(now called Christows Capital), to provide corporate finance
advisory services regulated by the SFA.

Reasons for the transaction
The  Company has stated its intention of becoming a  leading
provider of principal investment and advisory services.  The
acquisition  of  Christows  furthers  that  aim  and   gives
eVestment an excellent platform from which to evolve into an
investment banking business. eVestment intends to change its
name  to  Christows  PLC and provide  a  range  of  broking,
advisory and asset management services as well as continuing
to   invest   in  high  growth  opportunities.    Christows'
substantial  portfolio  of quoted and  unquoted  investments
complements the new economy investments of the Company.


New Board Members
Following completion of the acquisition of Christows  it  is
proposed  that Duncan Abbot, John Gunn and Michael Phillips,
who  are all currently board members of Christows, will join
the board.

A  circular to shareholders will be dispatched in due course
providing full details of the proposed transaction.

Chris Roberts, Chief Executive of eVestment commented:
'We  are  very excited to have agreed terms on joining  with
Christows  which provides us with a complementary  skillbase
and  the ability to offer a comprehensive service to  growth
companies,   from   early   stage  investment   through   to
flotation'.

Duncan Abbot, Chairman of Christows commented:
'We  have  been working to turn Christows into  a  broadly
based  investment  house. Joining with  eVestment  gives  us
access  to additional capital that will enable us to  expand
further  our  activities into the areas of  private  equity,
fund management and stockbroking. We are confident that  the
combination of talent, deal flow and capital will create  an
exciting future for the enlarged company.'


For further information please contact:

Chris  Roberts, The eVestment Company plc    020 7937 4445
Duncan Abbot, Christows                      020 7444 1730
Nick Oborne, Square Mile                     020 7601 1000

Notes to Editors:
eVestment invests in and takes an active development role in
young  technology and e-commerce related businesses. Current
investments  include  5GM,  Web2p.com,  Sellso,   4HighTech,
Educentre,   Sharepeople,  18Global.com,  iDefense,   Kapok,
Mightymatch,  Unicaworld, Worldoftraining.com, Easier.co.uk,
Wavesystems,  IT Outpost, Callserve, WinWin,  MusicUnsigned,
Statpro,   Grouptrade,   G-E-T.com,  Medexonline,   Sunblush
Technologies    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,  lead  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 £10.1million before costs in December  1999
to  provide  funds  for  further investment  and  a  further
£44million before costs in February 2000.