IP2IPO prospectus published

Evolution Group PLC
10 October 2003


For Immediate Release                                           10 October 2003

                    The Evolution Group Plc ("Evolution")

                    IP2IPO GROUP PROSPECTUS PUBLISHED TODAY

Further to the announcement on 30 September 2003, Evolution, the investment bank
and retail fund management group, is pleased to announce that its subsidiary,
IP2IPO Group plc ("IP2IPO"), the intellectual property (IP) business, has today
published a prospectus for admission to the Alternative Investment Market of the
London Stock Exchange ("AIM") of its ordinary shares of 10p each ("Ordinary
Shares") ("Admission").

£30.00 million (after expenses) has been raised for IP2IPO via a placing at the
placing price of 275 pence per Ordinary Share (the "Placing Price") by KBC Peel
Hunt Ltd ("KBC Peel Hunt") (the "Placing").  On Admission, the market
capitalisation at the Placing Price will be £111.76 million.  It is expected
that dealings in IP2IPO's Ordinary Shares will commence on AIM on 15 October
2003.

On Admission, Evolution will reduce its holding to 40.6 per cent. of IP2IPO's
enlarged issued share capital, by the sale of 5.46 million Ordinary Shares at
the Placing Price, realising approximately £15 million.

PLACING STATISTICS
Placing Price                                                                                         275 pence
Number of Ordinary Shares placed on behalf of IP2IPO                                                 11,450,000
Number of Ordinary Shares placed on behalf of certain selling shareholders                            5,760,000
Market capitalisation at the Placing Price on Admission                                         £111.76 million
Number of Ordinary Shares in issue on Admission                                                      40,638,910
Percentage of enlarged issued share capital subject to the Placing                                       42.35%
Gross proceeds of the Placing available to IP2IPO                                                £31.49 million
Net proceeds of the Placing available IP2IPO                                                     £30.00 million



EXPECTED TIMETABLE OF PRINCIPAL EVENTS

Admission and dealings in the Ordinary Shares to commence on AIM                                15 October 2003
CREST accounts credited by                                                                      15 October 2003
Despatch of definitive share certificates (where applicable) by                                 29 October 2003



                                     -Ends-



For further information:

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

IP2IPO Group plc                                                  01865 799 150
Dave Norwood, Chief Executive

Hogarth Partnership (PR advisers to Evolution)                    020 7357 9477
Andrew Jaques / Georgina Briscoe

Buchanan Communications (PR advisers to IP2IPO)                   020 7466 5000
Tim Anderson / Mark Court / Mary-Jane Johnson




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