Re Contract

Parity Group PLC
30 October 2001


For immediate release
Tuesday 30 October 2001


                   Parity awarded a £4.5m contract with Cims


The Solutions division of Parity Group plc ('Parity'), the IT consultancy
group, announces that it has been awarded a contract worth at least £4.5
million over three years by Cims, a specialist marketing company working with
banks and other selected organisations.

Cims, part of Cendant Corporation one of the world's largest consumer and
business services organisations, is a leader in designing, implementing and
developing customer relationship strategies for Banks.  The applications that
support these services have been developed in-house, but as Cims' customer
base has grown, additional management and support are now required from
external providers.

Parity will manage and support all of Cims' software applications.  Work on
the contract begins immediately.  Throughout the duration of the contract,
Parity will also assist in the technical design and development of Cims'
product offerings.

Brian Horsfield, Vice-President of Information Technology at Cims, said:
'Parity's Service Level Agreements and its flexible, yet rapid response
capabilities, convinced us that it was the right partner for us. We're not
just asking Parity to look after a few applications for us, we want it to play
an integral role in the development of our services.'

Ian Miller, Chief Executive of Parity, commented: 'This contract demonstrates
that Parity's strategy of focusing on value-added service offerings to our
blue-chip client base is gaining real traction. Looking to the future, we are
well placed to help develop and support further services that Cims intends to
roll out, both in the UK and across Europe. The on-line channel is a critical
route to market for the financial services sector and we aim to help Cims give
banks the opportunity to take maximum advantage of it.'


Ends


Enquiries

Parity
Ian Miller                                             020 7776-0800
Michael Harrington                                     020 7776-0800
Financial Dynamics
Harriet Keen / Emma Rutherford                         020 7831-3113


NOTES TO EDITORS


About Parity Group plc

Parity Group plc (PTY.L) is a leading provider of IT services, technology
staffing and training solutions.  Founded in 1993, the Group now has over 50
offices in Europe and the US and is listed on the London Stock Exchange. On 4
September, Parity announced its results for the six months to 30 June 2001,
achieving revenues of £130.4 million.


Further information can be found at www.parity.co.uk


About Cims

Cims is part of the Cendant Corporation; one of the world's largest consumer
and business services organisations. Headquartered in New York, Cendant has
approximately 60,000 employees, operates in over 100 countries and has annual
income of over $5 billion.