Clarification re substantial shareholders

RNS Number : 7746K

Parallel Media Group PLC

11 July 2017

Parallel Media Group Plc ("PMG" or the "Group")

Clarification statement re substantial shareholders

Parallel Media Group Plc (AIM: PAA), a leading event marketing and media agency notes, announces that a letter containing the following statement is being posted to all shareholders in the Group (the "Shareholders"):

"In the Group's annual results for the year ended 31 December 2016, distributed to Shareholders on 30 June 2017 and announced via RNS on the same date, a table listing substantial shareholders in the Group was misstated. A correct list of substantial shareholders in the Company is confirmed as follows:

Substantial Shareholders

The following investors have notified the Directors that they hold or are beneficially interested in 3% or more of the Group's ordinary share capital:

	No.	%
David Ciclitira Concert Party	1,013,275	33.67%
Hargreaves Lansdown (Nominees) Ltd	588,230	19.55%
Ranjit Murugason	180,742	6.01%
Vidacos Nominees Ltd	136,187	4.53%
JIM Nominees	118,158	3.93%
Cantor Fitzgerald Europe	106,769	3.55%
HSDL Nominees Ltd	92,261	3.07%"