Holding(s) in Company

RNS Number : 7711D

Evolution Group PLC

28 March 2011

The Evolution Group Plc

TR-1: Notification of Major Interests in Shares

28 March 2011

The Evolution Group Plc (the "Company") announces that it received notification today from Lloyds Banking Group plc ("Lloyds") under the Disclosure and Transparency Rules of an acquisition of voting rights on 25 March 2011 such that Scottish Widows Investment Partnership Limited ("Scottish Widows") had at that date an interest in 21,307,803 (9.166%) ordinary shares of 1p each in the Company ("Shares"). This notification is in respect of an increase in a direct interest in voting rights reaching the 3% threshold from the previously announced holding of 21,113,343 shares, announced on 10 August 2010.

The interest is made up of a direct interest over 7,006,220 (3.014%) shares and an indirect interest over 14,301,583 (6.152%) shares.

Chain of Controlled Undertakings

21,241,761 shares (9.137%) are under the control of Scottish Widows, a wholly owned subsidiary of Scottish Widows Investment Partnership Group Ltd, a wholly owned subsidiary of Scottish Widows Group Ltd, a wholly owned subsidiary of Lloyds TSB Bank plc ("Lloyds TSB"), a wholly owned subsidiary of Lloyds. These holdings are disclosed as part direct and part indirect interests.

Within these holdings, 4,383,940 shares (1.886%) are managed on behalf of Clerical Medical Managed Funds Limited, a wholly owned subsidiary of Clerical Medical Investment Group Limited, a wholly owned subsidiary of HBOS Financial Services Limited, a wholly owned subsidiary of HBOS Insurance & Investment Group Limited, a wholly owned subsidiary of HBOS plc, a wholly owned subsidiary of Lloyds TSB, a wholly owned subsidiary of Lloyds. These holdings are therefore disclosed as an overall direct interest.