Holding(s) in Company

Parity Group plc

Letter from Eaglet Investment Trust plc dated 20 January 2004

Received 21 January 2004

Dear Sir

SECTION 198 - 210 COMPANIES ACT 1985 (AS AMENDED)

As required under the terms of the above Act, I am writing to advise you of the
following transactions affecting notifiable interests held by the above
Company;

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19.01.04…….. Sold…….. 2,325,000…….. Ordinary 5p shares

These transactions leave the Trust's holding at 8,247,162 Ordinary 5p shares,
which according to our records, now represents a holding of less than 3% of
this class of capital. Therefore, this stock is no longer notifiable.

…….. …….. …….. …….. …….. …….. …….. …….

The Shares will be held in the name of HSBC Global Custody Nominees Ltd.

Account Designate EAGLET - 866379.

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Yours faithfully

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…….. …….. …….. …….. …….. …….. …….. …….

Tina Parsons

For and on behalf of

Sinclair Henderson Ltd