SPHE Spearhead

RNS Number:4680X
Parity Group PLC
26 January 2006

26 January 2006


                  Parity Group plc ("Parity" or the "Company")

Parity announces that on 25 January 2006 it received notification that Dominick
Company AG ("Dominick Company") is materially interested in 67,738,936 ordinary
Parity shares representing 23.46% of the Company's issued share capital.
Dominick Company has this interest by virtue of a pledge which was granted to
Dominick Company by one of its customers to secure financial facilities made
available to that customer through which the shares were acquired.  Spearhead
Limited, Inc. ("Spearhead") had announced on 16 December 2005 that it was the
beneficial owner of 67,438,936 Parity shares.

Dominick Company is a Swiss based private bank which provides a range of private
and investment banking services.

In the light of the above notification, Parity will seek clarification of the
situation and Spearhead's intentions further to Spearhead's announcement on 9
January 2006 that it is considering the possibility of making an offer for the
Company.

Parity has met with the advisers to Dominick Company who have confirmed that
Dominick Company is supportive of the current management of Parity.  Parity
intends to have further discussions with Dominick Company in the coming weeks as
part of its overall discussions with shareholders regarding the proposed
strengthening of its balance sheet referred to in the announcement by the
Company on 9 December 2005.


Enquiries:


Financial Dynamics - 020 7831 3113

Giles Sanderson
Harriet Keen
Cass Helstrip


Arbuthnot Securities - 020 7012 2000
Alastair Moreton
Andrew Fullerton


                      This information is provided by RNS
            The company news service from the London Stock Exchange
END

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