Holding in Company

Parity Group PLC
17 January 2001

                  DEALINGS BY SUBSTANTIAL SHAREHOLDERS


1)   NAME OF COMPANY

PARITY GROUP PLC

2)   NAME OF SHAREHOLDER HAVING A MAJOR INTEREST

LEGAL & GENERAL INVESTMENT MANAGEMENT

3)   Please state whether notification indicates that it is in respect of 
     holding of the Shareholder named in 2 above or in respect of a 
     non-beneficial interest or in the case of an individual holder if it is a
     holding of that person's spouse or children under the age of 18

SHARES REGISTERED IN HSBC GLOBAL CUSTODY NOMINEE ACCOUNTS TO THE BENEFIT OF L&G

4)   Name of the registered holder(s) and, if more than one holder, the 
     number of shares held by each of them.

SEE BELOW FOR DETAILS OF HSBC GLOBAL CUSTODY NOMINEE ACCOUNT NUMBERS


5)   Number of shares/amount of stock acquired.

N/A

6)   (N/A%) of issued Class

7)   Number of shares/amount of stock disposed

120,000

8)   (0.08%) of issued Class

9)   Class of security

ORDINARY 5P SHARES

10)  Date of transaction

15/1/01

11)  Date company informed

16/1/01

12)  Total holding following this notification

4,592,156
               
              
13)  Total percentage holding of issued class following this notification

2.99%

14)  Any additional information



15)  Name of contact and telephone number for queries

ALISON LEYSHON
020 7776 0800

16)  Name and signature of authorised company official responsible for 
     making this notification


     Date of Notification .....17/1/2001...


LETTER TO:  PARITY GROUP

DATED:  16 JANUARY 2001


COMPANIES ACT 1985 - DISCLOSURE OF INTEREST IN SHARES

Consequent upon a sale in the market of 120,000 shares on the 15 January 2001,
we now hold the following number of shares which are not subject to a concert
party and will be registered as follows:

Material Interest

HSBC Global Custody Nominee (UK) Ltd A/c 747381          150,000
HSBC Global Custody Nominee (UK) Ltd A/c 775245        1,106,566
HSBC Global Custody Nominee (UK) Ltd A/c 754612          130,000
HSBC Global Custody Nominee (UK) Ltd A/c 252605          230,800
HSBC Global Custody Nominee (UK) Ltd A/c 360509          115,200
HSBC Global Custody Nominee (UK) Ltd A/c 866203          114,000
HSBC Global Custody Nominee (UK) Ltd A/c 357206        2,715,590
HSBC Global Custody Nominee (UK) Ltd A/c 363605           30,000

                                                       4,592,156     2.99%

Please note that this percentage is based on our understanding that your issued
share capital is 153,500,578.

LETTER FROM:  LEGAL & GENERAL INVESTMENT MANAGEMENT LTD