Employee Share Incentive Plan

Evolution Group PLC
05 August 2004



                                                                  5 August 2004

                              Evolution Group Plc

Sanne Trustee Company UK Ltd as trustee of the Evolution Employee Share
Incentive Plan Trust

The Evolution Group Plc ("Evolution" or the "Company"), the investment bank and
retail fund management group, announces that Sanne Trustee Company UK Limited
(the "Trustee") in its capacity as the trustee of the Evolution Employee Share
Incentive Plan (the "Plan") has today purchased 7,286 Ordinary shares of 1p each
at a price of 148 pence per share and that Evolution has issued 6,615 Ordinary
shares of 1p each credited as fully paid at 148 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 Ordinary Total number of  Interest of         Percentage of
Director   shares (including  Ordinary shares  director in         issued share
           matching and       held by the      Ordinary shares     capital
           dividend shares)   Trustee for      including the       represented
           acquired by the    director         shares held by the  by director's
           Trustee for        following such   Trustee for the     Total
           director           acquisition      director ("Total    Interest
                                               Interest")

Alex                    170            2,854             431,956          0.17
Snow

Graeme                  170            2,854              50,674          0.02
Dell

Richard
Griffiths               170            2,854           5,837,854          2.35

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

                                      ENDS

For more information please contact:

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





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