Trading Statement

10 May 2010

                           Parallel Media Group Plc                            

                           ("PMG" or the "Company")                            

                    New Relationship with PGA European Tour                    

                    New Commercial Terms for Hong Kong Open                    

                                Trading Update                                 

The Company is pleased announce a new three year relationship with the PGA
European Tour to promote and manage golf in the rapidly growing Asia market
place. As part of this relationship, the Company has also been given a new date
on the European Tour Calendar to come into effect from the 2012 season.

PMG is also pleased to announce that it has agreed new commercial terms with
the PGA European Tour for the Hong Kong Golf Open. For the last 10 years, PMG
has acted as promoter for the Hong Kong Open, with UBS in the role of title
sponsor. With effect from the current year, the PGA European Tour will take
over the role of promoter with PMG focusing on increasing the third party
revenues generated at the event. The Company will continue to receive both
commission and a share of the event's profits

Further, the Company is delighted to announce the continued growth of the
Ballantines Championship, which was held in Korea last weekend, with profits
from the event ahead of last year.

The Company intends to announce its results for the years to 31 December 2009
in early June 2010.

For more information please contact:

Martin Doherty, Finance Director       [phone]                
Parallel Media Group Plc                                                   
                                                                           
Antony Legge / Stuart Lane             [phone]                
Astaire Securities Plc                                                     
www.parallelmediagroup.com