Holding(s) in Company

Parity Group PLC

19 December 2002

LETTER TO: PARITY GROUP PLC

FROM: M&G INVESTMENTS MANAGEMENT LIMITED

Companies Act 1985 (as amended):

Disclosure of Interest in Shares

In accordance with Part VI of the Companies Act 1985 (as amended) (the 'Act'),
we write to inform you that Prudential plc and all of its subsidiary companies,
no longer have a notifiable interest in the issued share capital of your
company.

For the purposes of S210 of the Act, the address for those companies identified
herein is Laurence Pountney Hill London EC4R OHH.

FROM RICHARD HARDING

FOR AND ON BEHALF OF PRUDENTIAL PLC