2010 Annual Report and Notice of AGM

30.06.11

                           Parallel Media Group PLC                            

                           ("PMG" or the "Company")                            

                     2010 Annual Report and Notice of AGM                      

Parallel Media Group Plc announces that the the Annual General Meeting (AGM)
will be held at 9 am on 26 July 2011 at The East India Club, 16 St James's
Square, London SW1Y 4LH

The Company has today posted its report and accounts to shareholders. The
report and accounts and the notice of AGM are available on the Company's
website at www.parallelmediagroup.com

                                     -End-                                     

For further information, please contact:

Parallel Media Group 020 7225 2000

David Ciclitira, Martin Doherty

Northland Capital Partners 020 7796 8800

Luke Cairns, Edward Hutton

Bishopsgate Communications

Laura Stevens, Deepali Schneider, Natalie Quinn 020 7562 3350

[e-mail]