Acquisition(s)

16 April 2003

Parity Group plc

                  Acquisition of TTL Technical Training Ltd.                   

 

Parity Group plc ('Parity' or 'The Group'), the international IT services
group, confirms that it has completed the acquisition of the training
facilitation business of Technical Training Ltd, an Edinburgh based training
company, through Parity's training subsidiary, Parity Training Ltd.  The
consideration will be performance related, subject to a maximum of £0.7 million
in cash and will be payable, based on business revenues, over 3 years from the
date of acquisition.  The acquisition will bring with it significant new blue
chip clients which will add to Parity's UK coverage.  The initial agreement to
acquire this business was announced in Parity's preliminary results statement
on 18 March 2003.

Ends

Enquiries:

Parity Group plc                         Tel: [phone]
                                                           
Alison Leyshon  - Group Finance Director                   
                                                           
Financial Dynamics                       Tel: [phone]
                                                           
Emma Rutherford