Disposal

Parkmead Group (The) PLC
08 November 2007

Thursday 8 November 2007



                             THE PARKMEAD GROUP PLC
                          ('Parkmead' or the 'Group')

            Sale of Quayside Corporate Services Limited ('Quayside')

The Board of Parkmead (the 'Board') is pleased to announce the sale of Quayside
to David Mills for an initial cash consideration of £0.63 million plus a
deferred cash payment of up to £1.97 million payable by 8 November 2008.  David
Mills is a former Director of Parkmead and a significant shareholder in
Parkmead, accordingly he is considered a related party for this transaction.

Quayside provides turnaround consulting services to businesses which have
developed trading difficulties. The effect of this sale on Parkmead will mean
that the Group is now wholly focused on the energy sector. Proceeds from the
sale will form part of the resources for making principal investments in energy
based assets.

The net assets of Quayside which are being disposed of as a part of this
transaction as at 30 June 2007 were (negative) £0.15 million. During the year
ended 30 June 2007 Quayside reported a loss of £0.19 million.  As at 30 June
2007, the goodwill generated on the original acquisition of Quayside was valued
in the audited accounts of the Group at £2.68 million. In the Preliminary
Results announced on 27 September this year the unpredictable nature of the
distressed company debt markets in which Quayside operates was noted.  Having
regard to this and the future prospects of Quayside the Board has concluded that
the sale of Quayside is in the best interests of the Group and that the
consideration received is satisfactory.

In order to satisfy the initial cash consideration Mr Mills has today agreed to
sell a total of 12,611,009 Ordinary Shares in Parkmead at a price of 5p. Of the
12,611,009 shares sold by Mr Mills 2,000,000 have been purchased by  Mr Colin
Goodall,  1,000,000 shares by Mr John Leggate, 4,000,000 by Mr Tom Cross and
200,000 by Mr Gordon Ashworth who are each a Director of the Group. Additionally
Mr Iain Rawlinson, a Director of one of the Group's subsidiaries, Radius Energy
Limited, purchased 4,000,000 shares.  Accordingly Mr Mills, Mr Goodall, Mr
Leggate, Mr Cross, Mr Rawlinson and Mr Ashworth now have the following
beneficial interest in the Group:


                                    Number of Ordinary Shares           % of existing Share Capital

David Mills*                         63,146,567                           17.14%
Tom Cross**                           4,000,000                            1.09%
Iain Rawlinson***                     4,000,000                            1.09%
Colin Goodall**                       2,000,000                            0.54%
John Leggate**                        1,000,000                            0.27%
Gordon Ashworth**                        200,000                           0.05%


*          former director of the Group

**         current director of the Group

***        director of a subsidiary of the Group

Mr Mills intends to satisfy the payment of the deferred consideration through
the sale of further shares in the Group.

In accordance with the AIM rules the Directors of the Group are satisfied,
having consulted with Charles Stanley Securities, its nominated adviser, that
the terms of the transaction are fair and reasonable insofar as its shareholders
are concerned.

Commenting, Chairman, Colin Goodall, said:

'We are delighted to have reached this agreement with David and would like to
take the opportunity of wishing him every success in re positioning Quayside.
The Group will now focus on the energy sector and I look forward to growth over
the coming year'


                                     -Ends-

                            For further information:


The Parkmead Group plc                                           020 7494 5770
Niall Doran CEO
Gordon Ashworth, CFO

Madano Partnership                                               0207 593 4000
Mathew Moth

Charles Stanley Securities (Nominated Adviser)                   0207 149 6482
Rick Thompson
Henry Fitzgerald-O'Connor






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