Directorate Change

RNS Number : 9290O

Parity Group PLC

26 September 2013

Parity Group plc

("Parity" or the "Company")

Changes to the Board

Parity (AIM: PTY) announces the following Board changes.

Philip Swinstead, Group Chairman becomes Executive Chairman from 1^st October 2013 in order to closely direct the Group's digital strategy.

Two new independent non-executive directors have been appointed, effective as from today.

Neal Ransome, MA FCA CF, aged 53, joins the Board as a Non-Executive Director and will take over from Mike Phillips as Chairman of the Audit Committee. Neal has recently retired from PwC, where he was a Corporate Finance Partner and Chief Operating Officer of PwC's Advisory line of service. In addition to his direct managerial experience in a large services organisation, Neal has over twenty years' experience of advising clients on their M&A activities.

Peter Luff MP, FCIPR, aged 58, joins the Board as a Non-Executive Director. Peter has more than 30 years' experience of working with and for the public sector and has been the Managing Director of a leading public affairs company. He is currently Member of Parliament for Mid Worcestershire and was Minister for Defence Equipment, Support and Technology from 2010-12. Previously (2005-10) Peter had been chairman of the Business, Innovation and Skills Committee of the House of Commons. He is also a non-executive director of Marlin Group Holdings plc, a manufacturer of advanced manufacturing systems, and an Honorary Fellow of the Chartered Institute of Public Relations.

The following Directors are resigning from the board with effect from today -

Mike Phillips, a non-executive director since 3^rd November 2011 and Chairman of the Audit Committee since 22^nd November 2011 has, as a result of other commitments, stepped down from the Board. The Board thanks him for his contribution and wishes him every success.

Due to the evolution of our strategic thinking over the last six months, Stephen Whyte has resigned as director and executive. He will be appointed an independent consultant to the Board for six months.

Suzanne Chase continues as our General Counsel but steps down as a Director and will take over the role from Alastair Woolley of Company Secretary.

In a separate announcement, Parity has today issued its Interims results for the 6 months to 30^th June 2013.

There are no further details to disclose under Listing Rules 9.6.13 (2) to (6).