Placing by Subsidiary

Evolution Group PLC
09 October 2006



                              EVOLUTION GROUP PLC


            PRIVATE PLACING BY CHINESE INVESTMENT BANKING SUBSIDIARY


The Evolution Group Plc ("Evolution") announces that its subsidiary, Evolution
Securities China Limited ("ESCL"), is undertaking a private placing of new
ordinary shares ("Private Placing") to raise £2.5 million for the further
expansion of its business. Evolution will itself subscribe £1.3 million from its
existing cash resources, with the balance being subscribed by new institutional
investors.


ESCL expects proceeds of the Private Placing to be used to recapitalise the cash
consideration paid in June 2006 for the acquisition of Watterson Asia Limited
and to expand ESCL's activities through the recruitment of further staff, to
provide additional regulatory capital and to be used to fund working capital
requirements.


As a result of the Private Placing, Evolution's interest in the issued ordinary
share capital of ESCL will be reduced from approximately 73% to approximately
71%. The Private Placing is expected to be completed in early October 2006.


For further information, please contact:


Evolution Group plc
Graeme Dell, Finance Director
020 7071 3232


                                      ENDS


Notes to Editors


About Evolution Group Plc

The Evolution Group Plc is the holding company of Evolution Securities Limited,
Williams de Broe Limited and Evolution Securities China Limited. Founded in
April 2001 and originally listed on the AIM, the Evolution Group joined the
Official List in 2003 and now has a market capitalisation of over £330 million.


Operating Businesses:

Evolution Securities Ltd: the leading UK based integrated investment bank
servicing mid-market companies and investors

Williams de Broe Ltd: the private client fund management group focused on
fee-paying discretionary portfolio clients

Evolution Securities China Ltd: the specialist Chinese investment banking
business with offices in Hong Kong, London and Shanghai.



About Evolution Securities China Ltd

ESCL is a specialist investment banking and securities firm dedicated to
offering equity research, institutional sales and sales trading to a broad base
of professional portfolio investors, as well as Equity Capital Markets and
Corporate Finance services, primarily to Chinese and Asian corporations.

ESCL is headquartered in London with additional offices in Shanghai and Hong
Kong, under the regulatory authority of the FSA and SFC.




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