Disposal

Millfield Group PLC
21 December 2004

               
Date:           21 December 2004
On behalf of:   Millfield Group plc ("Millfield")
                For immediate release


Millfield Agrees Intelliflo MBO

Millfield Group plc, the UK's largest national independent financial adviser, is
pleased to announce that, on 17th December, it agreed a management buy-out of
IntelliFlo.  The consideration paid to Millfield is £250,000 and will achieve
annualised savings for Millfield of £375,000.

Intelligent Office provides a full suite of functionality for financial
advisers.  The MBO was headed by Nick Eatock, Chief Executive Officer of
Intelliflo.  Under the terms of the MBO, Millfield Group retains the
intellectual property rights in Atlas and Intelliflo will be supplying the
Intelligent Office solution to its clients.

Commenting on the announcement, Paul Tebbutt, Chief Executive of Millfield,
said:

"The MBO of this business from the Group is in line with our goal of focusing on
our core strategy.  Millfield retains the intellectual property of Atlas for our
own back-office software development, Nick and his team are now free to develop
new products and service their existing and potential clients.  This is a very
positive move both for Millfield and for Nick and his team."


Enquiries to:

Millfield Group plc
Paul Tebbutt, Chief Executive                        Tel: [phone]
Mike Duncan, Operations Director                     Tel: [phone]

Redleaf Communications
Emma Kane/James White                                Tel: [phone]

Notes to Editors:
     
-    IntelliFlo plc, incorporated in 1997, was a wholly-owned subsidiary of 
     Inter-Alliance plc which merged with Millfield Group plc in October 2004;

-    The Intelligent Office solution was launched by IntelliFlo to the IFA 
     market in September 2003. It provides a full suite of functionality for
     financial advisers;

-    Millfield Group PLC: formed from the merger of Millfield Group PLC and 
     Inter-Alliance plc, this is the largest national independent financial
     advisory firm in the UK with over 1,800 advisers operating from more than 
     40 offices.


                      This information is provided by RNS
            The company news service from the London Stock Exchange