Final Results

eVestment Company PLC
1 March 2000

                           
         The eVestment Company Plc ('eVestment')
                            
 Preliminary Results for the year ended 31 December 1999

eVestment,   the   internet  and  e-commerce   investment
company,  is pleased to announce its preliminary  results
for the year ended 31 December 1999.

Summary

*     eVestment  was  the earliest publicly  quoted  pure
      Internet Accelerator fund

*     eVestment  currently  holds  17  investments.   25
      further potential investments are under due diligence

*     The executive team was strengthened during the year
      to process its high level of dealflow

*     £10  million was raised in January 2000 to  provide
      further funds for investment, and a further £44 million
      was raised in February 2000

Chris Roberts, eVestment Chief Executive, commented:

'We  believe that there are huge opportunities  available
in  a rapidly expanding new market place and we intend to
seize upon them.  The Internet revolution is still in the
early  stages where correctly positioned businesses  will
create exponential value.'


                            
For further information, please contact:

The eVestment Company Plc                   0171 937 4445
Chris Roberts

Square Mile Communications                  0171 601 1000
Nick Oborne or Stephanie Smart

Notes to Editors:

eVestment  was formed in 1997 and floated  on  AIM  later
that  year.  eVestment invests in  and  takes  an  active
development role in young internet and e-commerce related
businesses.

The  eVestment  management team, led by  Oliver  Vaughan,
Chairman,  and Christopher Roberts, Chief Executive,  has
strong  investment  and  management  experience.   Oliver
Vaughan  is  and  has  been a director  of  a  number  of
companies  with  a  technology focus, including  Internet
Technology Group and Redstone Telecom.

To   date  Gameplay.com,  Pure  Entertainment  Games  and
Freecom.net  (investments  no  longer  held)   and   Wave
Corporation, Easier.co.uk and one other investee company, as
yet unannounced, (investments still held) have floated.


         The eVestment Company Plc ('eVestment')
                     
 Preliminary Results for the year ended 31 December 1999
                      
Chairman's Statement

As  I  stated in my Interim Statement, the early part  of
the  year was a period of change.  Attention has now been
focused  on  building our exposure  to  Internet  and  e-
commerce   related  opportunities.   This  strategy   was
derived out of an understanding of the vast potential  of
the  newest technological revolution and also our  belief
that  we had a team already in place with a proven  track
record    in   identifying   and   investing   in    such
opportunities.  Quite  simply  we  became  the   earliest
publicly  quoted  example of a pure Internet  Accelerator
Fund.

Our  definition  of an Accelerator is as  a  provider  of
early  stage  development capital with  added  value.  We
believe  that  through  our team's  past  experience  and
network  of  contacts, we are able to  help  high  growth
businesses  through this process. Typically,  we  take  a
seat on investee company boards, thereby working with the
management on strategic issues and seeking to  take  them
through  to a flotation within a relatively short period.
To  date, six companies have floated and we expect  that
at  least  a further four will float within the next  six
months.

We  have  in  the  course of 1999 seen many  hundreds  of
business  proposals,  coming to us from  sources  ranging
from  strategic co-investors to direct approaches through
our  own  web site (www.evestment.co.uk). Each  of  these
proposals   is  taken  through  a  rigorous  process   of
investigation with many falling along the way.  Currently
we   have   in   the  region  of  twenty-five   potential
investments  in various stages of due diligence.  Clearly
we  will  not invest in all twenty-five, but we may  well
invest  in  something approaching half  of  them.  Beyond
this,  more  proposals are entering the  sifting  process
each day.

In  order that we are better able to effectively  process
this level of dealflow we were very pleased to recruit to
the  Board Jackie Donnelly (formerly a vice president  at
Morgan   Stanley)  and  John  Drinkwater   (formerly   an
executive director at Goldman Sachs) as well as welcoming
back some old colleagues in the form of Tom Vaughan,  who
brings extensive North American experience and contacts,
and  Adrian Graham, whose financial expertise  has  aided
the  investment in and analysis of a number of technology
companies. In addition to the Board we have a strong team
of analysts and we will continue to develop the team with
the strategic addition of further key individuals.

We  have  also  strengthened the Company  through  recent
fundraisings. In January 2000 we raised approximately £10
million,   with  the  majority  coming  from   'strategic
investors'   and  the  executive  team.  The   'strategic
investors'  are  very important to us,  as  indicated  by
their  willingness to co-invest and also by  being  in  a
position to provide further rounds of funding should  the
flotation route not be appropriate in the short term  for
investee  businesses. In February this year we  raised  a
further  £44  million  from  a variety  of  institutional
investors whom we believe will be interested in obtaining
an early opportunity with our investee companies.

Part  of  our strategy as we move forward is to have  the
opportunity  to  take  a  priority  position  in  viewing
potential  dealflow from different geographical  markets.
We  see  this as best achieved by linking up  with  local
partners,   the  first  such  relationship   being   with
4HighTech,  an  Israeli  based venture  capital  network.
Others   will   follow   where  we   perceive   symbiotic
opportunities.

In  terms of our roll call of investments, I have  listed
below  all of the major investments we have, at the  time
of  writing, with a brief outline of what they are  doing
and  how  far  advanced  they are.  In  all  we  have  17
investments and have invested £6.7m in these to date.

Summary of Key Investments

                      Market               
               Cost    Value               
Company name  £'000     at 1   Web site      Description
                       March    address
                        2000
                       £'000
                                        
                                        
Callserve       500      500  Callserve.com  Europe's first internet
Communications                               based telephony service, 
Limited                                      allowing the placing
                                             of telephone calls
                                             through the internet
                                             at a greatly reduced
                                             cost.
                                        
Easier PLC      233    796 *  Easier.co.uk   A new on-line
                                             residential property
                                             portal. Floated in
                                             February 2000, a free
                                             online service to buy
                                             or sell properties
                                             bypassing the middle
                                             man or estate agent.
                                        
eBop Media PLC  265     265   eBop.co.uk     Provides a community
                                             web site targeted at
                                             the 15 to 30 age
                                             group, including
                                             information on music,
                                             games and other e-
                                             commerce initiatives.
                                        
Eighteen      1,012   1,012   Eighteenglobal Internet community
Global Inc.                   .com           creating a
                                             Business-to-business and
                                             Business-to-consumer
                                             environment within a
                                             golf lifestyle
                                             internet site.
                                        
infrastructure 252     252   Idefense.com    Provides details and
Defense Inc.                                 advice on how to
                                             protect against cyber
                                             attack, offering
                                             business risk
                                             assessment,
                                             consulting and
                                             management services.
                                        
Kapok 2050     260     260   2050Kapok.com   Provides turnkey
Limited                                      solutions for
                                             businesses seeking a
                                             trading presence on
                                             the internet.
                                        
Music Unsigned 796     796   Musicunsigned   An internet based
Limited                      .com            music and directory
                                             service.
                                        
Stargig.com    215     215   Stargig.com     Community web site
PLC                                          targeted at
                                             musicians, seeking to
                                             benefit from recent
                                             developments in
                                             distributing music
                                             via the web site.
                                        
Statpro PLC    198     198  Statpro.co.uk    Software development
                                             and marketing
                                             business. Targeting
                                             asset management
                                             companies.
                                        
Sharepeople    244     244  Sharepeople.com  Provides an on-line
Limited                                      retail real-time
                                             share dealing system,
                                             recently launched in
                                             the UK, with the
                                             intention of becoming
                                             the premier retail
                                             brokerage service in
                                             Europe.
                                        
Wave Systems   269   1082 * Wave.com         Wave's mission is to
Corporation                                  create technologies
Inc.                                         to secure, distribute
                                             and sell digital
                                             Information. It has
                                             developed a chip
                                             which can be used in
                                             hardware for
                                             metering, security, and
                                             payment on the internet.
                                        
WinWin.com     806     806  Winwin.com       A US based global
                                             internet advertising
                                             Company which
                                             collects and licences
                                             Consumer profile
                                             data, and provides
                                             middle ground
                                             individual sites
                                             where customers can
                                             scan the personally
                                             relevant advertising
                                             - and be paid for it.
                                        
4HighTech.com   61     61  4hightech.com     A strategic stake in
                                             an Israeli based
                                             start up fund which
                                             gives start-ups
                                             access to venture
                                             capital investment,
                                             headed by David
                                             Soloman, a high-tech
                                             specialist, and
                                             Daniel Goldman, who
                                             is a director of
                                             BATM.
                                        
Other investments                                  
(not yet announced):

- AIM-quoted    125    298  *            
investment
- Other                                 
unquoted      1,470  1,470 
investments
              ____________
              6,706  8,255
              ____________               
                 
                                        
* Denotes AIM or NASDAQ-quoted investment

Note :
Unquoted investments are stated at cost, or net realisable
value if, in the opinion of the Directors, this is below
cost.


We  fully expect to be adding significantly to this  list
in  the short term and will keep shareholders informed as
and when we do. In addition it is always worth revisiting
our  web  site, which is in the process of being upgraded
and will be regularly updated.

As  many of our activities have only now begun to  impact
on  the  financials of the company. I do not  propose  to
comment  on  the  historic figures at 31  December  1999,
other  than  to  say  they have been  superseded  by  the
raising of £54 million and additional investments costing
£4.2 million since the balance sheet date.

We believe that there are huge opportunities available in
a  rapidly  expanding new market place and we  intend  to
seize upon them. The Internet revolution is still in  the
early  stages where correctly positioned businesses  will
create exponential value.

O. J. Vaughan
Chairman


         The eVestment Company Plc ('eVestment')
                        

Profit and Loss Account
for the year ended 31 December 1999


                                Notes          Year         Year
                                              ended        ended
                                                 31           31
                                           December     December
                                               1999         1998
                                              £'000        £'000
                                           _____________________     
Administrative expenses                       (71.6)       (37.2)
Profit on sale of investments                  64.4          0.8
Income from fixed asset
investments                                       -          4.6
Interest receivable                            96.4        153.4
                                           _____________________     
Profit on ordinary activities 
before taxation                                89.2        121.6
Taxation                                       (9.6)       (25.2)
                                           _____________________     
Retained profit for the period                 79.6         96.4
                                           _____________________              
Basic earnings per ordinary  
share                            1            0.08p         0.10p
                                           _____________________              
Diluted earnings per share       1            0.03p         0.10p
                                           _____________________

There  were no recognised gains or losses other than  the
profit for the year.


         The eVestment Company Plc ('eVestment')
                            

Balance Sheet
at 31 December 1999


                                Notes           31           31
                                          December     December
                                              1999         1998
                                             £'000        £'000
Fixed assets                              _____________________               
Investments                                2,479.4        338.5
                                          _____________________      
                                           2,479.4        338.5
Current assets                            _____________________      
Debtors                                      298.9          4.1
Cash at bank and in hand                     740.0      2,361.5
                                          _____________________      
                                           1,038.9      2,365.6
Creditors:                                      
Amounts falling due within one  
year                                        (554.0)       (49.4)
                                          _____________________      
Net current assets                           484.9      2,316.2
                                          _____________________      
Net assets                                 2,964.3      2,654.7
Capital and reserves                      _____________________      
Called up share capital                    1,092.0      1,000.0
Share premium account                      1,628.5      1,490.5
Profit and loss account                      243.8        164.2
                                          _____________________      
Equity shareholders' funds          2      2,964.3      2,654.7
                                          _____________________


         The eVestment Company Plc ('eVestment')
                            

Cash Flow Statement
for the year ended 31 December 1999

                                         Year                Year
                                        ended               ended
                                           31                  31
                                     December            December
                                         1999                1998
                              £'000     £'000    £'000      £'000
                             ____________________________________            
Net cash              
inflow/(outflow) from       
operating activities                    186.4               (33.2)

Returns on investments                                   
and servicing of finance
Interest received              96.4              153.4  
Income from fixed asset                                  
investments                     -                  3.7
                             ____________________________________             
              
Net cash inflow from                                     
returns on investments                                   
and servicing of finance                 96.4               157.1
                                                         
Taxation                                                 
Corporation tax paid                    (24.6)              (11.6)
                             ____________________________________             
Capital expenditure and   
financial investments
Purchase of fixed asset 
investments                (2,812.7)            (115.5)            
Sale of fixed asset          
investments                   723.0               27.8   
                            ______________________________________            
                
Net cash outflow from                                    
capital expenditure and                                  
financial investments                (2,089.7)             (87.7)
                            ______________________________________            
                                                         
Cash (outflow)/inflow                                    
before management of                                     
liquid resources and        
financing                            (1,831.5)              24.6          
                            ______________________________________            
Management of liquid                                     
resources
Decrease/(increase) in                                   
short term deposits                   1,529.7              (50.0)
                            ______________________________________ 
Financing                                                
Issues of ordinary share    
capital                                 210.0                  -
                            ______________________________________            
Net cash inflow from        
financing                               210.0                  -
                            ______________________________________  
Decrease in cash in the year            (91.8)             (25.4)
                            ______________________________________


Notes to the Accounts

1. Earnings per share
The  calculation of the basic earnings per share is based
on the profit on ordinary activities after tax and on the
weighted  average  number  of ordinary  shares  in  issue
during the year. The calculation of diluted earnings  per
share  is  based on the basic earnings per share adjusted
to   allow  for  the  issue  of  shares  on  the  assumed
conversion  of  all dilutive options. Reconciliations  of
the  earnings and weighted average number of shares  used
in the calculations are set out below.

             Year ended 31 December         Year ended 31 December
                      1999                           1998
          Earnings   Weighted  Earnings   Earnings    Weighted Earnings
                 £    average       per          £     average      per
                       number     share                 number    share
                    of shares    (pence)             of shares   (pence)
          ___________________________________________________________
Basic                                                    
earnings                                                 
per share  79,600  101,094,447     0.08     96,400 100,000,200     0.10
Dilutive                                                 
effect of  
securities      -  153,100,286                   -           -                
 
           __________________________________________________________ 
Diluted                                                  
earnings                                                 
per share  79,600  254,194,733     0.03     96,400 100,000,200     0.10
           __________________________________________________________         
               

2. Reconciliation of movements in shareholders' funds

                                   Year ended  Year ended
                                           31          31
                                     December    December
                                         1999        1998
                                        £'000       £'000
                                    _____________________
Profit on ordinary activities 
after taxation                           79.6        96.4
Issues of ordinary share capital        230.0           -
                                    _____________________
Net increase in shareholders'    
funds                                   309.6        96.4
Shareholders' funds at the   
beginning of the year                 2,654.7     2,558.3
                                    _____________________
Shareholders' funds at the end of  
the year                              2,964.3     2,654.7
                                    _____________________

3. Financial Information

The  financial information contained in this  preliminary
announcement  does  not constitute the group's  statutory
accounts, as  defined in section 240 of the Companies Act
1985,  for  the  years  ended  31  December  1999  or  31
December  1998.   The  accounts for  the  year  ended  31
December  1998  have been delivered to the  Registrar  of
Companies.

The  statutory accounts for the years ended  31  December
1999  and  1998  have been reported on by  the  company's
auditors;  the reports on these accounts were unqualified
and  they did not contain any statement under section 237
(2) or (3) of the Companies Act 1985.

The accounts for the year ended 31 December 1999 will  be
posted  to  shareholders in due course.   Further  copies
will  be  available  from the registered  office  of  The
eVestment  Company  plc,  223a  Kensington  High  Street,
London  W8 6SG.