Director Shareholding

Evolution Group PLC
06 July 2004

06 July 2004
                            The Evolution Group Plc

                              Director Shareholding

The Evolution Group Plc ("Evolution" or the "Company"), the investment bank and
retail fund management group, announces that Sanne UK Limited (the "Trustee") in
its capacity as the trustee of the Evolution Employee Share Incentive Plan (the
"Plan") has yesterday purchased 7,132 Ordinary shares of 1p each at a price of
145 pence per share and that Evolution has today issued 7,132 Ordinary shares of
1p each credited as fully paid at 145 pence per share to the Trustee as
"matching shares" under the terms of the Plan. The Trustee holds the shares as
Nominee for the participants of the Plan.

The purchase and issue included the following shares in respect of certain of
its directors:

Name of      Number of     Total number of  Interest of director  Percentage of
Director  Ordinary shares  Ordinary shares    in Ordinary shares   issued share
            (including      held by the  including the shares        capital
          matching shares)  Trustee for      held by the Trustee  represented by
          acquired by the     director         for the director     director's
            Trustee for    following such    ("Total Interest")       Total
              director       acquisition                             Interest

Alex Snow          172              2,684              431,786           0.17
Graeme Dell        172              2,684               50,504           0.02
Richard Griffiths  172             2,684             5,837,684           2.35

The above directors' interests exclude any interests in options over ordinary
shares in the Company.

Long Term Incentive Plan awards for directors

The Remuneration Committee of the Company announces today the award of shares
under the 2002 Evolution Group Share Incentive plan as follows.

Mr Richard Griffiths, an award of up to 1,312,500 shares vesting in the
following numbers depending on performance in the following accounting years:
Year 1, 2004 - 187,500 shares; Year 2, 2005 - 375,000 shares; and Year 3, 2006
- 750,000 shares. Mr Graeme Dell, an award of up to 1,312,500 shares vesting as
follows depending on performance: Year 1, 2004 - 187,500 shares; Year 2, 2005 -
375,000 shares; and Year 3, 2006 - 750,000 shares. The awards are subject to
strict Group earnings per share performance criteria requiring growth of 15% per
annum from the full year 2003 adjusted operating profit of 4.37p per share
(Adjusted operating profit £10,617,000, weighted average number of shares in
issue 242,953,440). The awards will be confirmed after three years on 6 July
2007, subject to continued employment, by the grant of call rights to acquire
the confirmed award shares at nominal value. Further details will be included in
the Remuneration report in the Report and Accounts for the year ended 31
December 2004 which will be circulated to shareholders in April 2005.

                                      ENDS

For more information please contact:

The Evolution Group Plc (www.evolution-group.com) 020 7071 4300
Alex Snow, Chief Executive
Graeme Dell, Finance Director


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