Statement re Evolution (Disclosure under Rule 2.11d)

19 Sep 2011 11:17

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. On 16 September 2011, Aberforth disposed of 896,567 shares (over which it had voting authority) in Evolution, on behalf of clients. As a result, Aberforth now intends to vote in favour of the resolutions to be proposed at the Court Meeting and the Evolution general meeting necessary to approve the Scheme (or as the case may be, to accept the Takeover Offer) in respect of 14,436,777 Evolution shares, over which it has voting authority.

Aberforth Partners LLP

19 September 2011