Trading Statement

Evolution Group PLC
07 July 2004


7 July 2004

                            The Evolution Group Plc
                          ("Evolution" or "the Group")

                            Pre-close trading update

Evolution Group Plc, a leading mid-market integrated investment bank and private
client fund management group, announces the following pre-close trading update.

During the first half of 2004 the Group has traded ahead of our expectations.

Within Evolution Beeson Gregory, the Group's investment banking business, there
has been strong growth from corporate broking and equity sales revenue streams.
Trading revenues and costs continue to perform in line with our expectations and
we are delighted to announce a strong performance overall from this business.

Christows, the Group's private client fund management business, has seen results
that build on the progress reported at the year end with a further increase in
funds under management and resulting revenue growth.

This, coupled with the previously announced realisation of £40.5m from the
disposal of part of the Group's stake in IP2IPO and some other realisations from
the Group's legacy investment portfolio means that profit before tax for the
year ending 31 December 2004 will significantly exceed our previous
expectations.

The Company intends to announce its half year results on 7 September 2004.

                                     -Ends-

For further information:

Evolution Group                                         020 7071 4300
Alex Snow, CEO / Graeme Dell, FD

Hogarth Partnership
Andrew Jaques / Georgina Briscoe                        020 7357 9477


Notes to Editors:

The Evolution Group is a leading mid-market integrated investment bank
("Evolution Beeson Gregory") and private client fund management group
("Christows") listed on the FTSE 250 with a market capitalisation of
approximately £350 million.


                      This information is provided by RNS
            The company news service from the London Stock Exchange
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