Disposal of IP2IPO holding

Evolution Group PLC
11 March 2005


FOR IMMEDIATE RELEASE                                             11 MARCH 2005


                EVOLUTION GROUP PLC ("EVOLUTION" or the "GROUP")
           DISPOSAL OF GROUP'S HOLDING IN IP2IPO GROUP PLC ("IP2IPO")

Evolution Group plc, a leading mid-market integrated investment bank, has today
disposed of its remaining 18% holding in its former subsidiary IP2IPO.

A total of 7,502,170 shares have been placed with institutional investors at a
price of £7.04, raising £52.8million, before expenses.  Evolution will retain
the cash proceeds of this transaction.

IP2IPO is an intellectual property company specialising in commercialising
university technology.  It has been operating as a separate, independently
managed business since its flotation on AIM in October 2003.  The disposal is in
line with the planned separation of the IP2IPO business from the Group and
realises significant value for Evolution's shareholders.


About Evolution Group

The Evolution Group plc is a leading mid-market integrated investment bank
("Evolution Securities") and private client fund management group ("Christows")
listed on the FTSE 250 with a market capitalisation of approximately
£420million.

For further information, please contact:

Grandfield
020 7417 4170

Charles Cook
[e-mail]

Samantha Robbins
[e-mail]


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