AGM Statement

Evolution Group PLC
25 May 2006

                             THE EVOLUTION GROUP PLC

                               AGM Trading Update


At today's Annual General Meeting of The Evolution Group Plc, the listed
investment bank and retail fund management group, Chairman Martin Gray gave the
following trading update to shareholders:

"I am pleased to be able to confirm that the Group's three principal operating
businesses, Evolution Securities, Christows and Evolution Securities China are
trading in line with expectations.

We have, of course, recently announced that we are in a period of exclusive
discussions with ING Group NV relating to the purchase of Williams de Broe.

These discussions continue, and we are hopeful of bringing them to a conclusion
very shortly.

We have also announced the acquisition of Watterson Asia, based in Hong Kong
with a licence to undertake corporate finance and securities dealing activities.
Your Board expects that this acquisition, which is subject to the approval of
the Securities & Futures Commission of Hong Kong will significantly enhance the
business of Evolution Securities China Limited by giving ESCL access to the Hong
Kong equity markets on a primary and secondary basis.

Oliver Vaughan retires from the Board at the conclusion of this Annual General
Meeting after 9 years on the Board.  We thank him warmly for all that he has
contributed.  Lord MacLaurin will become chairman of the Remuneration Committee.


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


                                    - ends -


Enquiries:

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

Bell Pottinger Corporate & Financial                  020 7861 3232
Charles Cook
Sarah Landgrebe






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