Board resignation

EVC Christows PLC
1 February 2001



The Board of EVC Christows Plc today announced the resignation of Michael
Phillips from the Board.  He held the position of Managing Director, Retail
and Risk Management.

Talking about the company's plans for the future, new Chief Executive, Alex
Snow said:

'We are building an excellent team with the expertise and commitment to
develop EVC Christows into a 21st Century Investment Business.  We have the
vision to shape this newly merged group into a company that is capable of
providing access to capital across the entire life cycle of advanced
technology and high growth businesses.  Above all, we are committed to
focussing on delivering maximum value to our shareholders over the long-term.'


- ENDS


EVC Christows contact:
Jackie Donnelly:            020 7444 1730
Alex Snow                   020 7444 1730
[e-mail]

Media contacts:
Kit Watts, Direct Line:     020 7939 7414     Mobile: [phone]
Adrian Chitty, Direct Line: 020 7939 7415     Mobile: [phone]
VLP Switchboard:            020 7403 7500
[e-mail]
[e-mail]