Directors' Notification of Dealing in Shares

Parity Group PLC
12 April 2000


                  Parity plc ('the Company')
                               
The following announcement of directors' interests in ordinary
shares of Parity Group plc (the 'Company') is made pursuant to
the  requirements  of  section 324  and  Schedule  13  of  the
Companies Act 1985.

Following  the  grant of options under the Parity  Group  1999
Company Share Option Plan and the Parity Group 1999 Unapproved
Company  Share Option Plan (the 'Plans') on 6 April 2000,  the
following directors hold options over ordinary shares.

                                          Exercise Price
Director             No. of Shares        per Share
--------             -------------        --------------
R Bacon                 34,700                 432p
K M Jennings            34,700                 432p
R King                  17,400                 432p

Disclosure  of the above-mentioned interests was made  to  the
Company on 6 April 2000.

Messrs.  R.  Bacon, K.M. Jennings and R. King (the  'executive
directors') are interested in an option granted by the Company
to  Walbrook  Trustees  (Guernsey) Limited  to  subscribe  for
3,700,000 ordinary shares at an exercise price per share equal
to  the  higher  of the market value of an ordinary  share  as
determined  by  reference to the middle market  quotation  for
dealings in ordinary shares as derived from the Daily Official
List  of  the  London Stock Exchange for the last dealing  day
before  the  proposed exercise (in whole or in  part)  of  the
option  by Walbrook Trustees (Guernsey) Limited or the related
exercise price(s) at which options are granted under the Plans
from time to time.

Walbrook  Trustees (Guernsey) Limited acts as the  trustee  of
The  Parity  Group 1999 Employee Benefit Trust  (the  'Trust')
which  is  an  employee  benefit  trust  established  for  the
employees  or former employees (including executive directors)
of  the  Company and its subsidiaries.  The option granted  to
Walbrook  Trustees (Guernsey) Limited will lapse on the  tenth
anniversary  of the date on which the option was  granted  (25
October 2009).

Walbrook  Trustees (Guernsey) Limited as trustee of the  Trust
is  connected with Messrs. R. Bacon, K.M. Jennings and R. King
for the purpose of section 346 of the Companies Act 1985 since
the  executive directors are all potential beneficiaries under
the Trust.