Stragetic Alliance

Parity Group PLC
20 June 2000


                                       
                               Parity Group plc
                                       
    Parity Solutions, Infobank and E24plc to build first Electronic Trading
                     Community for the Oil & Gas Industry

Parity Solutions, the e-business solutions subsidiary of Parity Group plc,
announces that it is to team up with E24plc, the business-to-business networks
company, to build the first turnkey electronic trading community for the Oil &
Gas industry. The new e-Hub at energy24.com will use Infobank InTrade e-Hub
trading community software and will offer an on-line e-procurement market
place and information platform.

Parity's systems integration services will be used exclusively to implement
the e-Hub and for its on-going support. Parity and E24plc will enter into a
structured framework agreement for the supply of these services. The e-Hub
will be operated by E24plc, with Parity receiving a proportion of the
transaction revenues generated by the hub.

The new e-Hub will be designed to provide an efficient online trading platform
to help companies drive down costs and increase profitability. It will offer
the Oil & Gas industry a single resource for commerce, content, technology and
services on a fast efficient platform designed to reduce purchase costs,
streamline supply chains and increase profitability and efficiency for
customers right across the industry.

Parity Group Executive Chairman, Philip Swinstead, commented, 'Parity
Solutions is fast becoming a key player in the UK e-business market through
its strategic partnerships with Infobank, Broadvision, Microsoft, IBM, Sun and
e-docs. This, together with the rapid expansion of our web consultancy
activities, makes us one of the leading end-to-end e-business consultancies in
the country.'

Calum Maclean, founder and Managing Director of E24plc, added, 'We believe the
combination of Parity's end-to-end e-business solutions skills, together with
Infobank's powerful InTrade software will give us a strategic commercial
advantage in moving forward.'

The e-Hub will go into pilot this summer with several major blue chip
companies and will officially launch in August 2000 in Stavanger, Norway.
Initially, energy24.com will focus on the UK Continental Shelf, before moving
on to other geographic markets. Use of the e-Hub will be charged on a
transaction basis, as well as a subscription model for key users.



For further information, contact:

Parity Group plc                                       020 7776 0800
Philip Swinstead, Executive Chairman
Ray King, Group Finance Director
Michael Harrington, Group Communications Director

Financial Dynamics                                     020 7831 3113
Jon Earl


Note to Editors
Parity Solutions is the 750 strong UK e-business solutions subsidiary of
Parity Group plc. Parity Group plc has over 50 offices in the UK, mainland
Europe and the USA and is listed on the London Stock Exchange. In the last
year Parity Solutions has become a leading supplier of end-to-end e-business
solutions, a position reinforced recently with the acquisitions of Interactive
Developments, TMS Information Solutions and Comtec Computer Training.