Director/PDMR Shareholding

31 March 2011

                           Parallel Media Group Plc                            

                                ("the Company")                                

                          Director/PDMR Shareholding                           

The Company has today been informed that Stewart Mison has today transferred
370,370 ordinary shares in the Company ("Ordinary Shares") to his SIPP at 27p
per Ordinary Share.  Following this transfer, there is no change in Stewart
Mison's beneficial interest in the Company, which remains at 612,500 Ordinary
Shares representing 3.97% of the Company's current issued share capital with
voting rights.

 

For further information, please contact:

Stewart Mison, Martin Doherty       
Parallel Media Group Plc               020 7225 2000 
                                                                  
                                                                           
Luke Cairns, Edward Hutton 
Northland Capital Partners Limited     020 7492 4750 
                                                                    
                                                                           
Charles Goodfellow                     020 7107 1850 
Novus Capital Markets Limited


  ND