AGM Statement

Evolution Group PLC
29 May 2002

29 May 2002



                            THE EVOLUTION GROUP PLC

                        RESULT OF AGM AND TRADING UPDATE


The Evolution Group PLC ("The Evolution Group"), the AIM listed investment bank
specialising in enabling technologies and retail asset management, is pleased to
announce that all resolutions put to today's Annual General Meeting were duly
passed.  Chairman and Chief Executive, Alex Snow, gave the following update to
shareholders:



"Evolution Capital has continued to grow its franchise and earnings capability
during the first quarter of 2002.  The institutional sales and trading team has
continued to see the level of activity increase and is continuing to create
additional key client relationships with top tier financial institutions.  This
increasing level of secondary market activity has been complemented by
increasing output from the research team, which, The Evolution Group Directors
believe, has created a strong reputation amongst financial institutions and
industry for high quality, incisive company and sector research on new enabling
technologies.



"In the first quarter of 2002, Christows operated profitably, despite difficult
markets.  New discretionary funds under management are growing and this has been
due to an increased sales and marketing effort, and additionally from the
strength of the discretionary service product.  Christows has also developed a
specialised IFA discretionary product which has been adopted by IFAs and other
financial intermediaries and will be an increasingly important area of business
as the landscape of regulation continues to change.



"On 29 January 2002, The Evolution Group announced that it had made a strategic
investment in Inter-Alliance Group PLC ("Inter-Alliance"), the UK's largest
national independent financial advisory group.  On 11 April 2002, The Evolution
Group announced that, following a placing and open offer by Inter-Alliance, The
Evolution Group owned approximately 22 per cent. of the enlarged issued share
capital of Inter-Alliance.  The Evolution Group Directors believe that the
investment in Inter-Alliance has already created significant value for The
Evolution Group Shareholders and that greater value will be created in the
medium term."



Copies of The Evolution Group's Annual Report 2001 and of the Notice calling
today's Annual General Meeting are available on request to the company's
registered office at 29-30 Cornhill, London, EC3V 3NF (contact
[e-mail]).



                                     -Ends-



Enquiries:


The Evolution Group PLC                                      Tel:  [phone]
Alex Snow, Chairman & Chief Executive
Graeme Dell, Finance Director


Hogarth Partnership Limited                                  Tel:  [phone]
Andrew Jaques/Georgina Briscoe





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