AGM Statement

Embargoed for 07:00, 30 June 2005

                               Parity Group plc                                

                                 AGM Statement                                 

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

'Trading since the start of the year in aggregate across the whole Group has
been broadly as we anticipated with some variations between businesses in their
rate of improvement.

Business Solutions has performed satisfactorily since the start of the year
with good interest in its offerings, a positive sign of progress being the two
orders we have announced separately today.

Resourcing Solutions in the UK has performed well, benefiting from the
relatively healthy demand we are seeing in the market as well as our strong
reputation. Parity Americas has remained profitable since the beginning of the
year although there is still work to be done to return to the growth rate that
we have targeted and we are forging closer links between the US business and
our UK Resourcing Solutions activities to facilitate this.

As expected, the Training division remains the most volatile of our businesses,
with trading hardest to predict in a very competitive market. Losses have
reduced in the first half and a return to profitability in the second half
remains our objective but is dependent on the planned revenue increase in that
period.

The Mainland European Resourcing Solutions business has performed well in the
year to date in spite of the inevitable impact on the business of the intended
sale process which we announced earlier this year. This forms part of the
strategy previously outlined to reduce Group debt and we expect to be giving
more detail on this at the time of our interim results.

We have taken significant steps in implementing the restructuring of the UK
business, designed to simplify our organisation, clarify our offerings and
reduce costs and consequent cash utilisation but, as we have stated, the fruits
of this strategy will not be seen until next year and we do not expect to
return to overall profitability this year.

Alison Leyshon, our Finance Director, has tendered her resignation with effect
from 31 July 2005, which the Board has accepted with regret. We would like to
sincerely thank Alison for her hard work and commitment to Parity and wish her
well in the future.

Her responsibilities will be taken on by Ed Watkinson, a highly experienced
finance and transformation practitioner, who has been appointed to the newly
created non-Board position of Head of Finance, with effect from 18 July 2005.
Mr Watkinson has been appointed under an interim contract which is anticipated
to run for the balance of this year as the restructuring of Parity continues.

As previously announced, John Maxwell, Non-executive Director, is standing down
from the Board with effect from today's AGM. I would also like to take this
opportunity to thank him for his support and commitment and most especially for
his contribution during the recent period of executive management change. The
appointment of a replacement for John is a priority for the Board.

Our objective remains to get the business into significantly better shape for
2006 and as we start the second half of the year, we are pleased with the
progress made in recent months since the output of the strategic review
announced in April 2005

Parity will announce its interim results for the six months ending 30 June 2005
in late September 2005.'

Ends

Enquiries:

Parity Group plc                                     Tel: [phone]      
                                                                             
John Hughes, Executive Chairman                                              
                                                                             
Financial Dynamics                                   Tel: [phone]      
                                                                             
Giles Sanderson                                                              
                                                                             
Harriet Keen                                                                 
                                                                             
Cass Helstrip