Exercise of Warrants

Evolution Group PLC
4 April 2001

                           The Evolution Group Plc



On 2 April 2001 the Company allotted 3,588,937 New Ordinary shares to holders
of adjusted 2.5p Warrants who have now exercised such number of Warrants
subsequent to the passing of the Resolutions at the EGM held on 26 March 2001.
The exercise price of such Warrants was 2.5p. Application was made on 2 March
2001 for such New Ordinary shares to be admitted to AIM.

Accordingly dealings are expected to commence in the 3,588,937 New Ordinary
Shares with effect from the start of business on 5 April 2001.


4 April 2001