Change of Adviser

Parallel Media Group PLC
22 May 2003

Date:             22 May 2003

On behalf of:     Parallel Media Group plc
                  For immediate release



Parallel Media Group plc
Change of Adviser



Parallel Media Group plc, the international executive sports specialists, is
pleased to announce the appointment of City Financial Associates Limited ('CFA')
as the Company's nominated adviser and broker.  The appointment is with
immediate effect.



                                    - ends -



Enquiries to:

Tony Rawlinsom                                       Tel:  [phone]
Head of Corp Finance and Managing Director, CFA



Emma Kane                                            Tel:  [phone]
Redleaf Communications                                Mob:  [phone]
                                                        [e-mail]

Notes to Editors:



About CFA



•         CFA is a corporate finance adviser to smaller companies that was
founded in 2001.



About Parallel Media Group



•         Parallel Media Group Plc was founded in 1987 by its Chairman, David
Ciclitira, and is listed on the Alternative Investment Market ('AIM');

•         It consists of five distinct areas of business - international golf,
sports sales and marketing, broadcasting, television production and
distribution, and consulting;

•         Parallel Media Group plc owns an extensive portfolio of commercial
sports rights.  It is involved in more than fifty golf events worldwide each
year. Parallel Media Group plc also owns the commercial rights to the Asian PGA
Tour through its joint venture, Asian PGA Tour Ltd, the Ladies European Tour
through its joint venture Ladies European Tour Enterprises Ltd and Tour de las
Americas, through its subsidiary, Tour de Las Americas Enterprises Inc.

•         Parallel Media Group plc is supported by a worldwide sales force and
also offers a production, international distribution and barter syndication of
television coverage on all Parallel Media Group projects through its television
arm, Parallel Television; and

•         It has offices in London, Cape Town, Hong Kong, Kuala Lumpur, Miami,
Munich, Rome and Singapore.


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