Disposal

Parity Group PLC
17 November 2005





                                Parity Group plc

                                    Disposal



Parity Group plc ('Parity') today announces the signature of a definitive
asset purchase agreement with Kenda Systems, Inc. ('Kenda'), a New
Hampshire Corporation, under which Kenda will acquire substantially all the
trade and personnel of Parity's American activities ('Parity Americas').
The consideration comprises an initial payment at closing and further payments
over a 15 month earn-out period.  In total the transaction is expected to yield
proceeds of between £1.1 million and £1.3 million, the majority of which will be
received during the year ending 31 December 2006. All of the proceeds will be
used to reduce Parity's indebtedness.



Kenda has paid US$185,000 to Parity in consideration of the transfer to Kenda of
substantially all of Parity Americas' customer contracts, personnel and fixed
assets as well as certain liabilities, this amount representing their net book
value. All working capital of Parity Americas remains with the group and will be
realised by Parity over the course of the following months. In addition, under
the terms of the earn-out, Kenda will make monthly payments to Parity over a 15
month period to 31 January 2007 relating to gross profit targets. Such payments
will in aggregate, amount to a minimum of US$765,000 and a maximum of US$1.65
million.



For the year ended 31 December 2004, Parity Americas reported an operating
profit (before goodwill, exceptional items and allocation of Parity central
costs) of £91,000 on turnover of £14.5 million. As a consequence of the
transaction Parity will also write down in the current year that portion of the
deferred tax asset carried on its consolidated balance sheet which will not be
consumed by the transaction, which is currently estimated to amount to some
£650,000, this being a non-cash item; as well as some US$364,000 relating to
uncollected accounts receivable (and their associated costs) due from a
subsidiary of Delta Airlines, Inc. ('Delta') and dating from the period
immediately preceding DeltaOs Chapter 11 filing for bankruptcy protection in
September 2005.



Parity Group plc

John Hughes, Chairman                                     020 7832 3500






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