Directors' Notification of Dealing in Shares

Parity Group PLC
4 July 2000


On  3  July 2000 the Trustee of the Parity Group plc 1999
Employee  Benefit  Trust  acquired  600,000  Ordinary  5p
shares  in  the Company at a price of 160p per share  for
the  purposes  of  the Parity Group  1999  Company  Share
Option  Plan and the Parity Group 1999 Unapproved Company
Share  Option Plan ('the Plans').  Messrs.  R.  King,  R.
Bacon and K. Jennings, Directors of the Company, in their
capacity  as members of the class of beneficiaries  under
the  Plans,  are deemed to have acquired a non-beneficial
interest in the shares for the purposes of the Act.

Disclosure of the above interests was made to the Company
on 3 July 2000.