AGM Statement

Evolution Group PLC
27 May 2004



27 May 2004

                              The Evolution Group Plc

                              AGM Trading Update

At today's Annual General Meeting of The Evolution Group Plc ("Evolution" or the
"Group"), the listed investment bank and retail fund management group, Chairman
Richard Griffiths gave the following update to shareholders:

"I am able to confirm that the Group is continuing to trade strongly in the
current period. Evolution Beeson Gregory's investment banking business has made
a good start to the year in its corporate broking, sales and trading activities.
Christows has also performed well and is winning new funds under management and
its progress is encouraging.

"We recently announced the disposal of a further tranche of shares in IP2IPO
from which the Group achieved gross proceeds of £40.5 million in cash, reducing
its interest from 40.61% to 18.46%. This transaction has realised significant
value for Evolution's shareholders, further strengthens the Group's balance
sheet and allows Evolution to continue to focus on the development of its core
investment banking and stock broking businesses.

"The Board remains confident for the outlook of the Group for the remainder of
the year."

Enquiries:

The Evolution Group Plc                               020 7071 4300
Alex Snow, Chief Executive
Graeme Dell, Finance Director


Hogarth Partnership Limited                           020 7357 9477
Andrew Jaques
Georgina Briscoe




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