Directors Shareholding

7 July 2011

                           Parallel Media Group Plc                            

                                ("The Company")                                 

                          Director/PDMR shareholding                           

The Company was informed today that Ranjit Murugason, a director of the
Company, had acquired 20,000 shares in the Company at 22p per share on 6 July
2011.

Following this acquisition, Mr Murugason is interested in 826,725 shares,
representing 5.35% of the current issued share capital of the Company.

                                     -End-                                     

For further information, please contact:

Parallel Media Group plc 020 7225 2000

David Ciclitira, Charles Wale

Northland Capital Partners Limited 020 7796 8800

Luke Cairns, Edward Hutton

Bishopsgate Communications 020 7562 3350

Laura Stevens, Deepali Schneider, Natalie Quinn

[e-mail]