Trading Statement and £7M Investment Programme

Parity Group PLC
19 May 2000


                               PARITY GROUP PLC
                                       
           TRADING STATEMENT AND ANNOUNCEMENT OF INVESTMENT PROGRAMME

Following a Board Meeting yesterday, Parity Group announces that profits for
the current year will be less than last year.

Whilst e-business continues to be very buoyant, the Group, in common with its
competitors, continues to experience the dull market conditions for
traditional services which prevailed in the first quarter as indicated in its
recent Annual Report.

In addition, the Board approved an incremental £7m investment programme to
develop the Group's products and service offerings in e-business.  Details of
this programme, the majority of which will be charged against profits in the
current year, will be announced at the Group's AGM on 7 June.

For further information please contact:

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

Jon Earl
Financial Dynamics                        020 7831 3113