Directorate Change

Evolution Group PLC
09 September 2003

For immediate release



9 September 2003



                            The Evolution Group Plc


The Evolution Group Plc ("the Company") announces that Dr Bruce Smith, a
non-executive director of IP2IPO Group Limited ("IP2IPO"), an intellectual
property commercialisation company which is a subsidiary of the Company, has
been appointed as non-executive chairman of IP2IPO.


Dr Smith, who is 63, is the Chairman of the Council of the Smith Institute for
Industrial Mathematics and System Engineering, a Faraday Partnership and
collaboration between industry and academia in applied mathematics and
computing.  Until a management buy-out in 1997, he was the Chairman and majority
shareholder of Smith System Engineering Limited.  Before founding that company
in 1971, he worked in design engineering for Decca Radar Limited after a period
in the United States with Bellcomm Inc in the US Space Programme. Prior to that
he occupied a physics research post at the University of Chicago, having
previously obtained a first class honours degree and a doctorate in physics at
Oxford University. Dr Smith is Vice Chairman of the Council of the University of
Southampton, a Governor of Imperial College and a Domus Fellow of St Catherine's
College, Oxford University. He became a director of IP2IPO in September 2002.


In conjunction with Dr Smith's appointment as non-executive chairman, David
Norwood will become the full-time Chief Executive of IP2IPO.  Mr Norwood will
step down as an executive director of The Evolution Group Plc with immediate
effect but will remain on the Company's board as a non-executive director.
David Norwood, who has served as IP2IPO's Chief Executive on a part time basis
since November 2002 has a wide range of experience in early and mid-stage
technology companies. In July 1999, he founded IndexIT Partnership Limited, a
technology advisory boutique which was acquired by Beeson Gregory Group plc. Mr
Norwood was a director of Beeson Gregory Group plc and was key to the
origination of Beeson Gregory's £20m partnership with Oxford University, which
laid the foundation for the formation of IP2IPO.



                                     -Ends-





For further information please contact:


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


Hogarth Partnership Limited
Andrew Jaques / Georgina Briscoe            020 7357 9477




Notes to Editors:


The Evolution Group Plc


The Evolution Group is the holding company of Evolution Beeson Gregory,
Christows and IP2IPO.  The Evolution Group is fully listed with a current market
capitalisation of approximately £190 million.



Evolution Beeson Gregory ("EVBG") aims to be the "leading investment bank to
small and mid cap companies". This is based upon the belief that it has the
strategy and capabilities to achieve this goal, coupled with the fact that the
market opportunity exists for this strategy to be a successful and profitable
one.



The company's capabilities are strong across the primary and secondary equity
market and central to this is the presence of a leading corporate retained
client base in the small and mid cap sector. We service these clients by
providing the full range of corporate finance, equity research, market making
and sales activities and delivering all of these with a strong client service
culture.



Christows is a leading independent firm of stockbrokers and portfolio managers
which, from its foundation in 1991 in Exeter, has always set out to provide a
traditional stockbroking service whilst developing an innovative product
offering. Christows now also operates from London and Bournemouth and has 55
staff across account executive, research, sales and administration staff.



As at 30 June 2003, Christows had a total of £360m client funds under
management, on over three quarters of which it receives a recurring fee based
commission. Christows' strategy for 2003 is one of controlled growth of the
funds under management by organic means through the sales and account executive
teams and by the recruitment of likeminded account executives who can attract
new clients to the company.



IP2IPO is a majority owned subsidiary of Evolution Beeson Gregory.  IP2IPO's
business is the formation of long-term university partnerships in which it
receives a significant interest in the intellectual property created by its
university partners.



IP2IPO's first partnerships were with the University of Oxford's Chemistry
Department and the University of Southampton.



In May 2003, IP2IPO announced that it had entered into a partnership with King's
College London.








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