AGM Statement

Evolution Group PLC
26 May 2005



                              Evolution Group Plc

                               AGM Trading Update

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

"The Group's three principal operating businesses Evolution Securities,
Christows and Evolution Securities China are continuing to make good progress in
the current period.

The Evolution Securities investment banking business has made a good start to
the year in its corporate broking, sales and trading activities not withstanding
the recently encountered difficult trading conditions in the UK middle market.
We have remained extremely active across all areas of the business and have
concluded this week the successful fundraising of £42 million of new equity for
clients in two transactions.

Christows is continuing profitably to plan and Evolution Securities China is
beginning to see transaction flow to confirm the presence of a significant
future opportunity in this specialist business area.

Your Board has noted the recent coverage of issues surrounding one of Evolution
Securities retained corporate clients Regal Petroleum Plc ("Regal"), for whom we
recently raised monies via an equity placing. Naturally we regret the adverse
share price movement of Regal. We can confirm that Evolution, along with its
lawyers, followed all necessary regulatory and statutory procedures to ensure
that the placing with shareholders, was carried out in full compliance with the
AIM rules. We would emphasise that we are currently working closely with Regal
to take the actions necessary to restore shareholder value.

We also announced at the time of the preliminary announcement of results our
intention to undertake a significant on-market share buyback program. During
April and May we have purchased 20,890,821 shares for cancellation representing
8.37% of the shares in issue at the year end. We will now be undertaking further
analysis before deciding whether to make further purchases between now and next
years AGM following the revised permission approved by shareholders at today's
AGM.

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
Paddy Blewer




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