Director Shareholding

RNS Number:3496Q
Evolution Group PLC
30 September 2003

                            THE EVOLUTION GROUP PLC

The Evolution Group Plc ("the Company") announces that David Norwood, the chief
executive of IP2IPO Group Plc ("IP2IPO"), has today sold 1,250,000 ordinary
shares of 1p each in the capital of the Company (representing 0.51 per cent of
the Company's issued share capital) at 80p per share. Following such sale Mr
Norwood retains 3,080,995 ordinary shares of 1p each in the capital of Evolution
(representing 1.25 per cent of the Company's issued share capital). Mr Norwood
is a non-executive director of Evolution.


It was announced this morning that it is proposed that the ordinary shares in
IP2IPO, the intellectual property commercialisation business in which Evolution
currently holds a 75.2% interest, be admitted to trading on the Alternative
Investment Market of the London Stock Exchange Plc and that IP2IPO is seeking to
raise #25 million net by way of a placing. Mr Norwood has indicated that it is
his intention to apply all of the proceeds of sale of ordinary shares in the
Company in subscribing #1 million for ordinary shares in IP2IPO as part of
IP2IPO's placing.


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