Holding in Company

Parity Group PLC
1 May 2001


Re: S.198 Companies Act 1985: as amended by The Disclosure of Interest in Shares
(Amendment) Regulations 1993

In accordance with the Companies Act 1985, (as amended) I write to notify you
that Phillips & Drew Life Limited has an interest in 4,671,241 ord 5p shares of
the Company.  This represents 3.04% of the issued share capital of the Company.

Please see below a list of the registered holders.

Phillips & Drew Life Limited is a subsidiary of UBS Asset Management Holding
(No.2) Limited which is also treated as having an interest in the above shares. 
We are authorised to make this aggregate disclosure on behalf of UBS Asset
Management Holding (No.2) Limited the registered address of which is:

Triton Court
14 Finsbury Square
London EC2A 1PD


                  Total Issued Share Capital      153,528,379

Name                                                            Quantity

Phildrew Nominees Limited            A/C LF09                     536,294

Phildrew Nominees Limited            A/C LF20                   4,134,947

                                                                4,671,241
               
                                                                    3.04%