Disclosure under Rule 2.11

17 Oct 2011 14:52

ABERFORTH PARTNERS LLP

Disclosure under Rule 2.11 of the City Code on Takeovers and Mergers

Aberforth Partners LLP ("Aberforth") provided a non-binding letter of intent to Investec plc regarding Investec's plc's proposed acquisition of Evolution Group plc ("Evolution"), as referred to in the announcement of the Recommended Share Offer dated 9 September 2011. Aberforth announces that it no longer intends to comply with this non-binding letter of intent.

Aberforth is interested in 14,436,777 of the voting shares of Evolution. In addition, Aberforth is interested in a further 10,795,291 shares although Aberforth does not have access to the voting rights of these shares.

Aberforth Partners LLP

17 October 2011