Acquisition

Parity Group PLC 12 April 2002 Embargoed for release on Friday 12 April 2002, at 7.00am Parity Group plc acquires Sx3's IT Training Solutions Business Parity Group plc ('Parity'), the IT services group, announces the acquisition of the Northern Ireland based IT training division of Service & Systems Solutions Limited ('Sx3'). The consideration is performance related, subject to a maximum of £200,000 and is payable, based on business revenues, over the twelve months from the date of the acquisition. The acquisition brings with it significant new blue-chip clients which will add to Parity's presence in Northern Ireland. Ian Miller, Chief Executive of Parity, commented: 'We have been pleased with the continued growth of Parity's business in Northern Ireland and the acquisition of the training division of Sx3 is a valuable addition to our existing operations in this market.' Enquiries: Financial Dynamics Telephone: 020 7831 3113 Harriet Keen Emma Rutherford This information is provided by RNS The company news service from the London Stock Exchange
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