Board Changes

30 June 2009

                           Parallel Media Group Plc                            

                           ("PMG" or the "Company")                            

                                 Board Changes                                 

The board of PMG, the AIM quoted sports marketing business, is pleased to
announce the appointment of Stewart Mison as Group Managing Director with
immediate effect.

Stewart Mison has worked in sports and media marketing for all of his business
career and brings to PMG proven management and business development skills. He
joined PMG full time in July 2010 having consulted to the Group for the
previous two years.

Prior to joining PMG he created and was Managing Partner of futures
sport+entertainment (www.futuressport.com) a specialist sports insights
business within Interpublic Groups' digital communications group - Mediabrands.
Stewart's clients included: Manchester United, Roland-Garros; Tennis Australia;
Cricket Australia; Ferrari; Department of Sport and Culture; and the
International Olympic Committee.

In the early 1990's Stewart was Director of Sponsorship at IMG and then for a
period of 10 years ran his own sports and TV marketing consultancy before
becoming Senior Vice President at Octagon with responsibility for advertiser
funded programming.

He is married with two grown up sons. Outside of work Stewart is Chairman of a
Theatre Charity and sits on the management board of the National Drama
Festivals Association.

David Ciclitira, PMG's Chairman, said:

"I am delighted to welcome Stewart on to the board.  I have known him for 20
years and he brings with him a wealth of experience and contacts.  Together we
will make a great team."

In addition, the Company is pleased to announce the return of Serenella
Ciclitira (also known as M.Serena Papi), the long term partner of David
Ciclitira, as non-executive director with immediate effect. Serenella was
previously Group Managing Director of the Company between 1992 and 2000.

Before joining PMG, Serenella was the Deputy Managing Director of the
pan-European-satellite-broadcaster: Super Channel. Serenella also has proven
success in sports management as the former commercial partner to the Italian
Rugby Federation at the time when Italy joined the Six Nations She also managed
the Italian racing driver Gimmy Bruni.

Serenella is an Honorary Fellow of the Royal College of Art and co-founder of
Korean Eye.

Leonard Fine - independent director of PMG said

"I have known Serenella for 15 years and I am delighted that she is coming back
onto the board"

For more information please contact:

Stewart Mison / Martin      Parallel Media Group Plc  [phone]   
Doherty                                                                      
                                                                             
Antony Legge / Stuart Lane  Astaire Securities Plc    [phone]   
                                                                             
Alex Giacchetti             Bishopsgate               [phone]   
                            Communications                                   
                                                                             
www.parallelmediagroup.com                                                   

Further Information

Stewart John Mison, aged 52, has held the following directorships or
partnerships within the last five years. 

Current                            Past                                      
                                                                             
Goose Corner Trading Limited                                                 
                                                                             
Parallel Media (Africa) Limited                                              
                                                                             
Parallel Media (Korea) Limited                                               
                                                                             
Screen Options Limited (in                                                   
liquidation)                                                                 

Screen Options Limited was film financing business.  When the initial film
project failed, the Company was unable to proceed and went into liquidation on
22 February 2006.  Stewart Mison was a director at the time.

There are no further disclosures to be made in accordance with schedule 2 (g)
of the AIM Rules.

Maria Serena Papi (previously Maria Serena Merry), aged 62, has held the
following directorships or partnerships within the last five years. 

Current                            Past                                      
                                                                             
Elysian investments Limited        Elysian Group Limited                     
                                                                             
                                   Parallel Television (International)       
                                   Limited (Dissolved)                       
                                                                             
                                   The Parallel Prize Limited (Dissolved)    

There are no further disclosures to be made in accordance with schedule 2 (g)
of the AIM Rules.