Result of EGM

Parallel Media Group plc (the "Company")                    

                                Results of EGM                                 

At the Extraordinary General Meeting of the Company held earlier today all
resolutions were duly passed.

For further information please visit www.parallelmediagroup.com or contact:

Frances Quigley                        Jos Simson/Leesa Peters               
                                                                             
Parallel Media Group plc               Conduit PR Ltd                        
                                                                             
[phone]                       [phone]                  
                                                                             
[e-mail]       [phone]                   
                                                                             
                                       [e-mail]                     
                                                                             
Ross Andrews, Nominated Adviser                                              
                                                                             
City Financial Associates Limited                                            
                                                                             
[phone]                                                         


  ND