Result of Equity Issue

Parity Group PLC
06 November 2003



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   Australia, Canada, Japan, the Republic of Ireland or the Republic of South
                                     Africa

Parity Group plc

6 November 2003

                            RESULTS OF RIGHTS ISSUE



Parity Group plc ('Parity' or the 'Company'), the IT services group, announces
that the 7 for 8 Rights Issue of 134,722,122 new ordinary shares of 5 pence each
(the 'New Shares') at 7.5 pence per share as detailed in the prospectus sent to
Shareholders dated 25 September 2003 (the 'Prospectus') closed at 10.30 a.m. on
5 November 2003.

The Company received valid acceptances in respect of 105,678,219 New Shares from
Qualifying Shareholders, which represents an aggregate take-up of 78.44 per
cent. This includes the New Shares that the Directors of the Company agreed to
take up.

The remaining New Shares not taken up or subscribed for were successfully placed
for the benefit of non-accepting Qualifying Shareholders at a price of 11.0
pence per share. As set out in the Provisional Allotment Letter, the net
proceeds, after deduction of the Issue Price and the expenses of procuring
subscribers, will be paid pro rata to those persons, except that net proceeds of
less than £3 per holding will not be distributed but will be aggregated and
retained for the benefit of the Company.

The New Shares will be credited to CREST accounts today. Definitive share
certificates in certificated form will be dispatched from 13 November 2003.

Unless the context otherwise requires, defined terms shall have the meanings
given to them in the Prospectus.


For further information contact:

Parity Group plc      Ian Miller,                        020 7776 0800
                      Chief Executive  

                      Alison Leyshon, 
                      Finance Director


Financial Dynamics    Giles Sanderson                    020 7831 3113
                      Harriet Keen







                      This information is provided by RNS
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