Director/PDMR Shareholding

21 April 2011

                            Parallel Media GroupPlc                            

                                ("the Company")                                

                          Director/PDMR shareholding                           

The Company was informed on 20 April 2011 that Ranjit Murugason, a director of
the Company, had acquired 18,000 shares in the Company at 22p per share on the
same day.

Following this acquisition, Mr Murugason is interested in 793,000 shares,
representing 5.14 % of the issued share capital of the Company.

 

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 7 796 8800
                                                                    
                                                                           
Charles Goodfellow                Novus Capital Markets Limited            020 7107 1850