Holding(s) in Company

Parity Group PLC

29 October 2002

Letter to Parity Group

Companies Act 1985 - Disclosure of Interest in shares

Consequent upon a transfer into management of 174,781 shares on the 24 October
2002, we now hold the following number of shares which are not subject to a
concert party and will be registered as follows:

Material Interest

HSBC Global Custody Nominee (UK) Ltd A/c       671,566          
775245                                                          
                                                                
HSBC Global Custody Nominee (UK) Ltd A/c       115,200          
360509                                                          
                                                                
HSBC Global Custody Nominee (UK) Ltd A/c     3,558,082          
357206                                                          
                                                                
HSBC Global Custody Nominee (UK) Ltd A/c       223,560          
747381                                                          
                                                                
HSBC Global Custody Nominee (UK) Ltd A/c       114,000          
866203                                                          
                                                                
                                             4,682,408 3.04%    

Please note that this percentage is based on our understanding that your issued

share capital is 153,969,570.

Letter from Legal & General Investment Management