Payment of deferred consideration

The Parkmead group plc

("Parkmead" or the "Company")

Receipt of Deferred Consideration

The Company reports that it has today been paid the full deferred cash consideration of £1,969,449.55 owed to it by Mr D Mills pursuant to the Company's disposal of Quayside Corporate Services Limited to Mr Mills in 2007.

Receipt of this payment satisfies in full the consideration due to Parkmead by Mr Mills.

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