TIDMEVOL 
 
RNS Number : 4205R 
Evolve Capital PLC 
20 August 2010 
 

                                                                  20 August 2010 
 
                               Evolve Capital plc 
                          ("Evolve" or the "Company") 
 
                         Adjournment of General Meeting 
 
The Board of Evolve (the "Board") announces that, in accordance with the 
Company's Articles of Association, it is  proposed that the general meeting of 
the Company, which is to be held at the offices of Fasken Martineau LLP, 17 
Hanover Square, London W1S 1HU at 10.00 am on 25 August 2010 (the "Original 
General Meeting") be adjourned by the Chairman at the beginning of that meeting, 
and be reconvened at a date and place to be determined by the board. 
 
The Original General Meeting was called by the Company for the purpose of 
seeking the approval of its shareholders to a Proposed Open Offer, Share Capital 
Reorganisation and Waiver of Obligation under Rule 9 of the Takeover Code, 
further details of which are contained in the announcement made by the Company 
on 2 August 2010 and the circular which was posted to shareholders on the same 
day (the "Circular"). 
 
Following the posting of the Circular, it has come to the attention of the Board 
that, due to an oversight during the preparation of the Circular, the Notice of 
General Meeting which appeared at the end of the Circular did not include the 
necessary ordinary resolution to: (i) subdivide each existing share of 1 pence 
in the share capital of the Company into one ordinary share of 0.1 pence and 
nine deferred shares of 0.1 pence each;  and (ii) to divide each unissued 
ordinary share of 1 pence each in the capital of the Company to 10 ordinary 
shares of 0.1 pence each (the "Reorganisation Resolution"). It was always the 
Board's intention that such a resolution be proposed as evidenced by the 
proposal of Resolution 3 at the Original General Meeting to amend the Articles 
of Association of the Company to set out the rights of the deferred shares. 
However, withoutthis Reorganisation Resolution being included the Company cannot 
proceed with the Share Capital Reorganisation, the Open Offer Shares could not 
be subscribed for at 0.5 pence and neither would the Company be permitted to 
issue shares at the same price pursuant to the conversion rights contained in 
the Loan Notes. 
 
In the circumstances, it is proposed that the Original General Meeting be 
adjourned by the Chairman at the beginning of the Original General Meeting to 
the same date and place as the Second General Meeting (as hereinafter defined) 
and that the Board convene a second general meeting (the "Second General 
Meeting") at which the Reorganisation Resolution will be proposed. A Notice of 
General Meeting (the "Second Notice") will be posted to shareholders convening 
the Second General Meeting. It is anticipated by the Board that the Second 
Notice will be posted over the next few days and further announcements will be 
made in that regard. 
 
Proxies which were deposited for the resolutions to be proposed at the Original 
General Meeting shall remain valid for the adjourned Original General Meeting 
and a new proxy card in relation to the Reorganisation Resolution will also be 
dispatched to shareholders along with the Second Notice. 
 
Acceptances received from shareholders to subscribe for Open Offer Shares under 
the Open Offer remain valid.The latest time for applications under the Open 
Offer to be received remains 11.00 a.m. on 24 August 2010. However, Admission of 
the Open Offer Shares to trading on AIM will now not become effective until 
after the passing of the resolutions at the adjourned Original General Meeting 
and the Second General Meeting. Further information in respect of settlement and 
dealings in the Open Offer Shares will be announced at the appropriate time. 
 
All defined terms used in this announcement shall have the meaning given to them 
in the Circular unless otherwise defined herein. 
 
 
For further information please contact: 
 
+---------------------------------------------+----------------------+ 
| Evolve Capital plc                          |                      | 
| Oliver Cooke                                | Tel: 020 7937 4445   | 
|                                             |                      | 
+---------------------------------------------+----------------------+ 
| Allenby Capital Limited                     |                      | 
| Nick Naylor                                 | Tel: 020 3328 5656   | 
| Nick Athanas                                |                      | 
+---------------------------------------------+----------------------+ 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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