Holding in Company

Parity Group PLC
17 October 2000

Letter to Parity Group Plc

Please be advised, as of October 16, 2000, Lazard Freres & Co. LLC, doing
business as Lazard Asset Management, and its subsidiaries have a material
interest in shares of Parity Group PLC totaling 4,808,150 shares (3.135%).  The
following  is the breakdown:

    Lazard Freres & Co. LLC             4,803,700 shares (3.132%)
    Lazard Asset Management Ltd.        4,450 shares (0.003%)

Letter from Lazard