Parity Regulatory News (PTY)

8 May 2007 14:28

Parity Group PLC08 May 2007 TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES 1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached PARITY GROUP PLC 2. Reason for the notification (please tick the appropriate box or boxes) An acquisition or disposal of voting rights (X) An acquisition or disposal of financial instruments which may ( ) result in the acquisition of shares already issued to which voting rights are attached An event changing the breakdown of voting rights ( ) Other (specify): ( ) 3. Full name of person(s) subject to the notification obligation: North Atlantic Value LLP 4. Full name of shareholder(s) (if different from 3.) (i) Oryx International Growth Fund Limited (ii) North Atlantic Value LLP (as Investment Manager/Adviser to other fund management clients) 5. Date of the transaction (and date on which the threshold is crossed or reached if different): 2 May 2007 6. Date on which issuer notified: 3 May 2007 7. Threshold(s) that is/are crossed or reached: Above 5% 8. Notified details: A. Voting rights attached to shares Class/type of shares (if possible using the Ordinary (GB00B1235860)ISIN code) Situation previous to the Resulting situation after the triggering triggering transaction transactionNumber of Number of Number of Number of voting % of voting Shares Voting shares rights rights Rights Direct Direct Indirect Direct Indirect(i) 1,424,056 1,424,056 1,705,306 1,705,306 4.50% (ii) 458,018 458,018 551,768 551,768 1.45% B. Financial InstrumentsResulting situation after the triggering transactionType of Expiration Exercise/ Number of voting % of votingfinancial date Conversion Period/ rights that may rightsinstrument Date be acquired if the instrument is exercised/ converted Total (A+B)Number of voting rights % of voting rights2,257,074 5.95% 9. Chain of controlled undertakings through which the voting rights and/ or the financial instruments are effectively held, if applicable: n/a Proxy Voting:10. Name of the proxy holder: 11. Number of voting rights proxy holder will cease to hold: 12. Date on which proxy holder will cease to hold voting rights: 13. Additional information: 14: Contact name: Bonita Guntrip 15. Contact telephone number: 020 7747 5681 This information is provided by RNS The company news service from the London Stock Exchange