Employee Share Incentive Plan

Evolution Group PLC
03 September 2004


                                                                3 September 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 yesterday purchased 7,047 Ordinary shares of 1p
each at a price of 150 pence per share and that Evolution has today issued 7,047
Ordinary shares of 1p each credited as fully paid at 150 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 Snow               166             3,020             432,122           0.17
Graeme Dell             166             3,020              50,840           0.02
Richard Griffiths       166             3,020           5,838,020           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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