Director/PDMR Shareholding

Parity Group PLC
18 October 2006


For release at 7.00 a.m. on 18 October 2006


PARITY GROUP PLC ('THE COMPANY')

Notification of directors' interests: Companies Act 1985 s.324

In the Prospectus for the Firm Placing and Placing and Open Offer and Capital
Reorganisation issued to shareholders in March 2006, the Company indicated that
it would, after the Capital Reorganisation, review the Long Term Incentive Plan
arrangements then in place.  As a consequence of that review, John Hughes has
waived his rights to the previous award under the Long Term Incentive Plan that
applied to him and new arrangements were implemented as detailed below.

On 18 October, the Company granted awards under the Parity Group plc Long-Term
Incentive Plan over Parity Group plc ordinary shares to Directors of the Company
as follows:

Director                                        Maximum number of shares
                                      subject to Performance Share Award

John Hughes                                                      960,000
Alwyn Welch                                                    1,600,000

The Awards will normally vest on the third anniversary of the grant date,
subject to continued employment and the meeting of two performance measures.
Firstly, over the Performance Period, the share price must have outperformed the
average Total Shareholder Return performance of a comparator group, selected by
the Company's financial advisers, comprising a basket of companies in the IT
Services sector. Second, the share price must exceed a pre-determined level in
order for the award to vest.  These levels are as follows: for John Hughes, 50%
of the award will vest for a share price sustained at 135p; 75% for a share
price sustained at 200p; and 100% for a share price sustained at 300p; for Alwyn
Welch 37.5% of the award will vest for a share price sustained at 125p; 75% for
a share price sustained at 155p; and 100% for a share price sustained at 200p.

No consideration was paid for the grant of the awards and the only payment due
on the exercise of these awards is the nominal value of 2 pence per share.

Joseph Kelly, Company Secretary




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