Contract Win

Parity Group PLC
14 March 2002

Embargoed for 07.00hrs Thursday 14 March 2002





      Parity Group wins contracts worth up to £20 million over three years





Parity Group plc ('Parity'), the IT services group, announces three new contract
wins with a total value of £15-20 million over a three-year period.



Parity's Business Solutions division has been awarded two new contracts.
Firstly, British American Tobacco, a customer of Parity since 1996, has extended
its existing agreement to purchase applications support services for a number of
IT systems as well as the provision of IT consultancy services.  Secondly, ICI
has agreed a long-term partnership for the support and development of its global
procurement portal which Parity designed and built.



Parity's Training division has been awarded a new contract by HBOS plc for the
provision of a fully outsourced training service.  Under the agreement Parity
will provide a dedicated team of learning specialists to work on site at HBOS to
manage and deliver technical and desktop applications training for up to 60,000
staff.  The agreement will see Parity meeting all HBOS's IT training
requirements which, to date, have been provided by a range of different
suppliers.



Commenting on these contract wins, Ian Miller, Chief Executive of Parity, said:



'We are delighted with these wins which provide evidence that our new focused
strategy is working well, a vital part of that strategy being the sale of
larger, longer-term contracts to produce more predictable and sustainable
revenues.



'In Training we are seeing increasing trends towards wholly outsourced services
and our reputation and experience in this market gave us the competitive edge in
what was a highly competitive selection process for the HBOS business.  In
Business Solutions, we are beginning to see our focus on key account management
reap benefits with the new British American Tobacco contract, amongst others,
and we look forward to working closely with ICI, an important new client for us.
'



Parity also announces today in a separate statement financial results for the
Group for the year to 31 December 2001.



Ends



For further information

Ian Miller

Parity Group plc

Tel: [phone]


Giles Sanderson/Harriet Keen

Financial Dynamics

Tel: [phone]





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