Parity Group plc

Letter from Eaglet Investment Trust plc dated 20 January 2004

Received 21 January 2004

Dear Sir

SECTION 198 - 210 COMPANIES ACT 1985 (AS AMENDED)

As required under the terms of the above Act, I am writing to advise you of the
following transactions affecting notifiable interests held by the above
Company;

**.. **.. **.. **.. **.. **.. **.. **.. **.. **.. **.. **..

19.01.04**.. Sold**.. 2,325,000**.. Ordinary 5p shares

These transactions leave the Trust's holding at 8,247,162 Ordinary 5p shares,
which according to our records, now represents a holding of less than 3% of
this class of capital. Therefore, this stock is no longer notifiable.

**.. **.. **.. **.. **.. **.. **.. **.

The Shares will be held in the name of HSBC Global Custody Nominees Ltd.

Account Designate EAGLET - 866379.

**.. **.. **.. **.. **.. **.. **.. **.

**.. **.. **.. **.. **.. **.. **.. **.

Yours faithfully

**.. **.. **.. **.. **.. **.. **.. **.

**.. **.. **.. **.. **.. **.. **.. **.

Tina Parsons

For and on behalf of

Sinclair Henderson Ltd



END