Spearhead Limited Inc.
14 December 2005

                                                                      FORM SAR 3



                           DISCLOSURE OF ACQUISITIONS

       (Rule 3 of The Rules Governing Substantial Acquisitions of Shares)




Name of acquirer                                Spearhead Limited, Inc.

Beneficial owner, if different from above       N/A




Names of any other persons acting by agreement  N/A
or understanding (see SAR 5)

Company dealt in                                Parity Group PLC

Class of voting shares (eg ordinary shares)     Ordinary

Date of acquisition                             13 December 2005




Number of shares acquired                       20,126,817

Number of rights over shares acquired #         N/A
Nature of rights over shares                    N/A



Total holding of voting shares (and percentage  61,138,936 (21.18%)
of total voting shares in issue)

Total holding of rights over shares (and        N/A
percentage of total voting shares in issue)

Combined total holding (and percentage) of      N/A
voting shares and rights over shares


Date of disclosure                              14 December 2005

Contact name                                    Andrew Greystoke

Telephone number                                020 7616 2888



#  See the definition of 'rights over shares' in the Definitions Section of the
SARs.



For details of the SARs disclosure requirements, see SARs 3 and 5 and their
Notes which can be viewed on the Takeover Panel's website at
www.thetakeoverpanel.org.uk.


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