22 Jun 2009 15:46

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Evolvence India Holdings PLC (the "Company")
Annual General Meeting and Proposed Change of Name
Independence disclosure pursuant to the AIM Note for Investing Companies
Annual General Meeting
The Company today posted a circular to shareholders in order to convene the Company's 2009 annual general meeting for 17 July 2009 (the "AGM").
Among other matters to be considered at the AGM, the Company is seeking shareholder authority to change its name to EIH PLC. This is necessary as Evolvence India Advisors Inc. ("EIA") will cease to be the Company's investment manager by 28 October 2009. In accordance with the terms of an existing agreement with EIA, the Company is required to change its name to remove the word "Evolvence" once EIA ceases to be its investment manager.
The AGM will be held at 11.15 a.m. on 17 July 2009 at Third Floor, St George's Court, Upper Church Street, Douglas, Isle of Man.
A copy of the circular will shortly be available to download from the Company's website www.evolvenceindiaholdings.com
Independence disclosure pursuant to of the AIM Note for Investing Companies
The Company hereby discloses the following pursuant to paragraph 3.3 of the AIM Note for Investing Companies published by London Stock Exchange plc (the "Note"):
The board of directors of the Company are satisfied that the Board and Seymour Pierce, the Company's nominated adviser, are independent for the purposes of the Note from the Company's investment manager, Evolvence India Advisors Inc.
The board of directors of the Company are satisfied that the majority of the Board (being directors William Knight and Anderson Whamond) and the Company's nominated adviser are independent for the purposes of the Note from the Company's substantial shareholders, Evolvence India Fund and Evolvence India Life Sciences Fund (and their respective investment managers). Sanjeev Mohta is an employee of QVT Financial LP which manages several funds which in aggregate own approximately 26.8% of the issued share capital of the Company.
Contacts:
Evolvence India Holdings plc
William Knight + 44 (0)20 7221 3900
Seymour Pierce (Nominated Adviser)
Nandita Sahgal, Director + 44 (0)20 7107 8000
Cardew Group
Tim Robertson + 44 (0)20 7930 0777