AGM Statement

Embargoed for 11.00 am, 16 June 2004

                               Parity Group plc                                

                                 AGM Statement                                 

Parity Group plc ('Parity' or 'the Group'), the IT services group, holds its
AGM at 11.00am today. The following statement is being made by the Chief
Executive, Ian Miller:

'The Group has seen some firming of the markets in which it operates and is
trading in line with management expectations. Our stated strategy of careful
investment in sales resource and IT across the Group is already delivering
benefits. The order backlog at the end of May for delivery in the current year
shows an increase of 30% compared to the same position in 2003, supporting our
expectations of revenue growth in the second half of the year.

Business Solutions is operating at around the same level as the second half of
2003 and continues to have satisfactory margins. Resourcing Solutions is seeing
considerable growth in contractor numbers and the first half will show a marked
improvement on the same period last year. We believe that Training is probably
now the market leader in the UK. Seasonal demand for public training is
traditionally significantly higher in the second half of the year but, looking
ahead, further progress is also needed in converting additional opportunities
in the pipeline. Parity Americas continues to sustain profitability in a market
that appears to be firming only slowly.

The investment in additional sales resource and IT systems will mean that Group
profitability for the first half year will be lower than in the second half of
2003. However, the half year results will represent a significant improvement
over the same period in 2003.

The Board is pleased to announce the appointment of Arbuthnot Securities
Limited as stockbrokers and financial advisers to the Group. The Board wishes
to record its appreciation of HSBC's support and advice during the period that
they have served in this role.'

Parity will announce its interim results for the six months ending 30 June 2004
in September.

                                     Ends                                      

Enquiries:

Parity Group plc                       Telephone: [phone]              
                                                                             
Ian Miller, Group Chief Executive                                            
                                                                             
Alison Leyshon, Group Finance Director                                       
                                                                             
Financial Dynamics                     Telephone: [phone]              
                                                                             
Harriet Keen                                                                 
                                                                             
Cass Helstrip