Director/PDMR Shareholding

9 May 2011

                            Parallel Media GroupPlc                            

                                ("the Company")                                

                          Director/PDMR shareholding                           

The Company was informed on 9 May 2011 that Ranjit Murugason, a director of the
Company, had acquired 13,725 shares in the Company at 23p per share on 6 May
2011.

Following this acquisition, Mr Murugason is interested in 806,725 shares,
representing 5.23 % of the issued share capital of the Company.

 

For further information, please contact:

Stewart Mison, Martin      Parallel Media Group Plc          020 7225 2000 
Doherty                                                                    
                                                                           
Luke Cairns, Edward Hutton Northland Capital Partners        020 7 796 8800
                           Limited                                         
                                                                           
Charles Goodfellow         Novus Capital Markets Limited     020 7107 1850 

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