Re Contract

Parity Group PLC
12 November 2002

Embargoed for release on 12 November 2002 at 7.00am

   Parity selected as sole Preferred Bidder for £8 million Cabinet Office BPO
                                    contract

Parity Group plc ('Parity' or 'the Group'), the IT services group, announces
that it has been awarded sole Preferred Bidder status by the Cabinet Office for
a major business process outsourcing (BPO) contract worth approximately £8
million over five years from 1 April 2003.  Contract negotiations are expected
to be completed within the next four weeks.

The cost of competing for this award and negotiating a contract has been written
off within operating costs as incurred throughout 2002.

The contract will involve the redevelopment, management and operation of the
Civil Service's 'Fast Stream' graduate selection and recruitment programme from
handling initial enquiries to acceptance of Civil Service positions by
successful candidates.  The main aim of the initiative is to modernise the
current recruitment lifecycle and to improve communication with candidates
throughout the process.

As part of the project, the initial assessment process will be upgraded by
Parity from the existing paper-based system to supervised computer-based testing
which will take place across the UK, utilising Parity's hi-tech training
centres.  In addition, the number of days per annum on which candidates can to
take the initial assessment tests will be significantly increased from the
current level

Parity will also host a contact centre to enable candidates to track which point
their application has reached in the recruitment process via the internet,
telephone or post.

Ian Miller, Chief Executive of Parity, commented, 'We are delighted to have been
selected as Preferred Bidder for this major business process outsourcing deal
which plays to our unique capabilities and strengths.  This type of contract is
very much in line with our strategy and is testament to its successful
implementation in a key market.'


Ends

Enquiries:

Ian Miller, Chief Executive
Parity Group plc
Tel: [phone]


Harriet Keen/Emma Rutherford
Financial Dynamics
Tel: [phone]


                      This information is provided by RNS
            The company news service from the London Stock Exchange