Stmnt re - Board Change

Parity Group PLC
14 June 2001

14 June 2001


                               Parity Group plc

                                 Board Change

Parity Group plc, ('Parity'), today announces the resignation of Ray King,
Deputy Chief Executive and Group Finance Director, from the Board with effect
from the end of July 2001 to take up an opportunity outside the Group.

Ian Miller, Chief Executive of Parity, said: 'We are grateful to Ray for the
valuable contribution he has made to Parity since joining the Group in 1999
and we wish him every success for the future.'

Ends


For further information, please contact:

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

Harriet Keen, Financial Dynamics                        Tel: [phone]