Evolution Grp Plc. Update of announcement 4809R

To clarify the notification made 03 November 2011 (4809R), Schroders intention was to inform the market that, despite having voted in support of the acquisition of Evolution Group Plc. by Investec Plc. at the meeting of 28 October 2011, we no longer intend to be bound by any implied commitment to hold the shares given the current volatility of the markets.

Chris Melrose

Manager, AML & Disclosure

Schroders Group Compliance

Tel: +44(0)207 658 6000

Fax: +44(0)207 658 3512

e-mail: [email protected]