Response to FSA Statement

Evolution Group PLC 12 November 2004 Evolution Group plc FSA Decision Notice For immediate release 12 November 2004 Evolution Group plc response to FSA statement Evolution notes the announcement made earlier today by the Financial Services Authority (FSA) regarding its investigation into the short selling of shares in Room Service Group plc (now Azure Holdings plc). Evolution has reluctantly decided to accept the FSA's decision to impose a fine of £500,000 on Evolution as it believes that it is in the interests of all parties that the matter now be brought to a conclusion. Evolution feels that it is unfortunate that it has taken an incident such as this to help produce a clearer understanding of the definition of market abuse. In light of the FSA's newly-clarified concerns about short selling, Evolution has voluntarily imposed tighter trading controls which make it impossible for such an incident to recur. The firm is pleased that the FSA has acknowledged that Evolution took the appropriate actions to ensure that Room Service shareholders' interests were fully safeguarded. -END- Press enquiries, please call Grandfield Charles Cook / Samantha Robbins 0207 417 4170 Evolution Graeme Dell 0207 071 4300 This information is provided by RNS The company news service from the London Stock Exchange

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Evgen Pharma (EVG)
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