Directorate Change

Evolution Group PLC
26 May 2005


26 May 2005

                    Evolution Group Plc - Directorate Change

At today's Annual General Meeting of Evolution Group plc ('Evolution'), the
listed investment bank and retail fund management group, the Group's founding
Executive Chairman, Richard Griffiths, announced the following Board changes:

'Following our entry to the FTSE 250 last year I was delighted that Lord
MacLaurin of Knebworth accepted my invitation to join the board as our senior
non-executive director. At my request Lord MacLaurin subsequently undertook a
review of the board structure to ensure that Evolution is fully equipped to take
the business to the next stage of its development, and the changes we are
announcing today reflect the outcome of that review.

As a result Martin Gray will be appointed, with immediate effect, as
Non-Executive Chairman. Martin is a former director of NatWest Bank Group plc
and has over 40 years' experience in the UK financial services industry.

I will remain an Executive Director of Evolution, and will assume the title of
President. In this role I will focus on key client relationships and business
development and will report to the Group's Chief Executive, Alex Snow.

'It is now four years since I led the creation of Evolution, and in that time
the Group has developed faster and more successfully than I had imagined
possible when we started.

'My new role enables me to continue to add significant value to Evolution's
development. Lord MacLaurin and I have put a lot of effort into ensuring
that this move works in the best interests of the company and all its
stakeholders, and I am sure that Martin Gray will be an excellent chairman for
Evolution.'

Lord MacLaurin added: 'In today's environment the successful running of a PLC
board requires a non-executive chairman, with a clear understanding of his
company's area of business, and the time and appetite to commit to this
demanding role. I am confident that Martin Gray's senior PLC board experience,
and his deep understanding of the banking and financial services industries and
their regulatory environments, make him the ideal candidate to perform this role
at Evolution. We now have a normalised board structure, with a non-executive
Chairman in charge of the Board, and a Chief Executive who is responsible for
all aspects of the Group's businesses.'

Mr.Gray said: 'I was delighted to accept the Board's invitation to become
Evolution's new Chairman. The Group has achieved remarkable success in a short
space of time, and has created considerable value for shareholders. I look
forward to helping maintain that record over the coming years.'

Martin Gray FCIB:

Aged 58, Martin Gray spent over 36 years with the NatWest Bank Group. From
1992-98 he was Chief Executive of NatWest UK, and from 1993-99 he was a Group
Board Member of NatWest Group PLC. In his operational role in charge of the
Group's UK businesses he was responsible for assets of over £100 bn, annual
revenues of nearly £5 bn, annual profits of approx. £1 bn, and over 55,000
staff.

Mr.Gray also was a member of the Global Board of Mastercard Inc. from 1993-96,
and was a director of Visa Europe from 1996-99. He is currently a non-executive
director of National Savings and Investments and Miller Insurance Group.

No further details regarding Martin Gray are required to be disclosed to comply
with Rule 16.4 of the Listing Rules.

                                      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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