AGM Statement

28 June 2006

                               Parity Group plc                                

                                 AGM Statement                                 

Parity Group plc ("Parity" or "the Group"), the UK IT services group, holds its
AGM at 11.00am today. The following statement will be made by John Hughes,
Executive Chairman:

"Trading since the start of the year across the Group has been broadly in line
with management's expectations. The focus of the Group on the UK and the
changes made in the past twelve months are delivering benefits in overall
performance.

Resourcing Solutions has performed well, benefiting from both market demand and
our strong reputation. The business is experiencing good growth in revenues and
improving margins. Extensive changes were made in the Training business in 2005
to reduce the overall cost base and make costs more variable with demand. This
is now resulting in the turnaround in bottom line performance we had targeted.
While investment in sales and marketing is producing an improving flow of
corporate training opportunities which are being converted to business, public
course activity continues to operate on very short horizons. The Solutions
business has performed satisfactorily since the start of the year with good
levels of interest in its offerings and an increased pipeline of opportunities,
both of which are good leading indicators of continuing recovery.

Our disposal programme has now been completed. As previously announced, the
majority of the mainland European activities were sold in January 2006, with
the disposal of the remaining small Benelux business having taken place in May
this year.

The balance sheet strengthening which was completed in May has resulted in a
number of new institutional shareholders joining the register and a reduction
in debt to a level more appropriate for a business of Parity's scale and
nature. New banking facilities are in place to provide the necessary support
for the Group's business plans going forward.

Along with the strengthening of the Executive management team already
announced, with the recruitment of Alwyn Welch as Chief Executive and the
promotion of Joe Kelly to Finance Director, I am pleased to announce that, as
part of our focus to strengthen the Board, Mr Nigel Tose has recently agreed to
become an independent Non-Executive Director. Nigel brings more than 30 years
of City experience, most recently as Co-Head of Corporate Finance with Investec
Investment Banking; Nigel will also take the chair of the Audit Committee.
Nigel will join the Board on 3 July 2006.

Our objective remains to focus on the continued recovery of Parity. With the
period of change now behind us and a substantially strengthened team in place,
the management is now able to focus its undivided attention on returning Parity
to profitable growth.

Parity will announce its interim results for the six months ending 30 June 2006
in September 2006."

Ends

Enquiries:

Parity Group plc                                     Tel: [phone]      
                                                                             
John Hughes, Executive Chairman                                              
                                                                             
Alwyn Welch, Chief Executive                                                 
                                                                             
Joe Kelly, Finance Director                                                  
                                                                             
Financial Dynamics                                   Tel: [phone]      
                                                                             
Giles Sanderson                                                              
                                                                             
Harriet Keen                                                                 
                                                                             
Cass Helstrip