Stake Taken in Internet New Artist Promoter

eVestment Company PLC
3 February 2000


         The eVestment Company Plc ('eVestment')
                            
  eVestment takes stake in Internet New Artist Promoter

eVestment,   the   internet  and  e-commerce   investment
company,  is  pleased to announce that  it  has  invested
£500,000  in musicunsigned.com, an independent  Internet-
based music and directory service created to help up  and
coming artists.

Musicunsigned.com offers guidance to unsigned  artists  -
covering  genres from rock to dance, easy  listening  and
jazz  -  and  promotes  them,  through  exposure  on  the
internet, to consumers and record companies.

Amongst its services, Musicunsigned.com:

*      offers   bands   their  own   website,   featuring
  photographs,  biographies  and  discographies  and  gig
  listings

*     allows consumers to sample new bands' music on  the
  web-site through 3 minute segments of tracks

*     monitors  the  popularity of  bands'  websites  and
  tracks to give bands and record companies accurate  and
  constructive feedback

*      through   Blue   List,  a   pioneering   and   new
  comprehensive Music Directory, offers a free facility for
  bands to locate anything they need from a session player or
  sound engineer through to a lawyer or PR

*     offers  bands  cost effective studio time,  through
  lastminutestudio.com, a revolutionary new digital market
  place,  which  proactively brings  together  musicians,
  engineers and producers with available studio space

*     can  secure for artists publishing and rights deals
  through its publishing arm, Massive Music.

Musicunsigned.com was founded by Aroon Maharajh, Managing
Director and Andy Barnett, Head of Operations.  They  are
supported  by  a  team  of  music industry  professionals
including  Stewart  Feeney, former Warner/Chappell  Music
A&R  publishing  manager,  Bob  Mallett,  previously   of
Battery Studios and Freakstreet Music's Robbie Ringwood.

Paul Ayres, former MD of Real Networks and Netscape,  has
joined  the  board as Vice President and will be  working
alongside  Aroon  Maharajh.   Ayres  brings  an  enormous
wealth   of   online   experience;  he   established
Real  Networks' profile in  Europe  and took  it  to  the
number  one spot in the music download technology market,
prior to  which he was International Access Director  at
the Interface Corporation.


Chris Roberts, eVestment Chief Executive, commented:

'Musicunsigned.com kills the tradition of  expensive  and
tedious demo tapes and mail-outs, replacing them with  an
instant access, global, high-quality online music library
and  directory.  It gives the artists more  control  over
their  own  future  and  acts as  a  bridge  between  the
industry and the artist.

'Artists  are frustrated by the music industry's sluggish
response  digital  media advances  and  are  increasingly
turning  to  the  Internet as a real alternative  to  the
traditional A&R route.  We believe that musicunsigned.com
is  very well positioned to take advantage of this  trend
and other internet developments in the music industry.'
                            
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 invests in and takes an active development role
in  young  internet  and e-commerce  related  businesses.
Current  investments  include eBop, The  Sharepeople.com,
Eighteen  Global,  Infrastructure  Defense,  Kapok  2050,
Stargig.com,   Easier,  Freecom.net,  Wave   Corporation,
CallServe and WinWin.com.  To date gameplay.com and  Pure
Entertainment  Games  (investments no  longer  held)  and
Freecom.net and Wave Corporation (investments still held)
have floated.

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

eVestment  was formed in 1997 and floated  on  AIM  later
that  year.  It raised £9.8 million in December  1999  to
provide funds for further investment.