Spearhead Limited Inc.
15 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 Shares

Date of acquisition                             14 December 2005





Number of shares acquired                       1,500,000

Number of rights over shares acquired #         n/a

Nature of rights over shares                    n/a



Total holding of voting shares (and percentage  62,638,936      (21.69%)
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                              15 December 2005

Contact name                                    Andrew Greystoke

Telephone number                                0207 616 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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