Parity Regulatory News (PTY)

Parity Group PLC

29th April 2016

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

Parity Consultancy Services Division - MoD Contract Extension

Parity is pleased to announce an order extension to the existing contract of Parity Solutions Limited (Parity Solutions), part of the Group's Parity Consultancy Services division, with the MoD in relation to Military Capability Output Costing System (MCOCS) of £1.8million, bringing the total MCOCS contract value to £3.9million. The original contract was mentioned in our Interim Results statement. The project, supporting the MoD with their MCOCS service for HQ Army which started in September 2015 will be delivered over 2 years.

MCOCS is a major Business Intelligence initiative, designed to provide cost data tools to users, enabling them to examine the full costs of providing military capability, analyse options, model scenarios, identify cost reduction opportunities, benchmark financial performance, improve cost control and enhance financial programming. MCOCS will enable the MoD to investigate and accurately model the full cost implications of strategic change including SDSR 15.

Parity Solutions has also recently been successful in gaining a place on the CCS Digital Outcomes and Specialists (Digital Outcomes) framework which went live this week, replacing the current Digital Services Framework II. This new framework will allow Parity Solutions to provide specialist teams to build and support digital services across central and wider Public Sector. Parity Solutions will be supported by the Parity Professionals Division on both the MCOCS contract and the Digital Outcomes framework, sourcing specialists for key roles and teams, which will be managed by Parity Solutions.

Alan Rommel CEO commented:

"We are delighted with both achievements. Parity Solutions' success is testament to our twenty plus years' experience in providing innovative solutions to the business challenges of both the Public and Private Sector and underwrites our strategic intent in the Defence Sector. The Digital Outcomes placing is an early example of the exciting cross selling capabilities between our two Divisions."

Enquiries:

Parity Group PLC

Alan Rommel CEO

Roger Antony GFD 0208 543 5353

MHP Communications

John Olsen

Kelsey Traynor 020 3128 8100

Investec Bank PLC

Andrew Pinder

Patrick Robb

Dominic Emery 020 7597 5970

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