Directorate Change

Parallel Media Group PLC
04 February 2003

                            PARALLEL MEDIA GROUP PLC

           PARALLEL MEDIA GROUP PLC MAKES TWO KEY BOARD APPOINTMENTS

The Board of Parallel Media Group plc, a major international golf and executive
sports rights and marketing business, is pleased to announce the appointment of
Gerald Ernest Andrews FCCA as Group Finance Director. His appointment is with
effect from the end of April 2003. The Board is also pleased to announce the
appointment of Graham Axford as a Non-Executive Director with immediate effect.

Gerald Andrews FCCA

Mr Andrews, 46, has recently resigned from his position as Group Finance and
Resources Director at the NEC Group ('NEC') in order to accept the role of
Finance Director with Parallel Media. At NEC he had responsibility for the
group's finance and IT functions as well as the main service businesses
including catering and group operational services. He was instrumental in the
restructuring of the group in 1998 and in its subsequent strategy development
and implementation. Prior to joining NEC, his experience included positions as
Finance and Business Systems Director of Unipart Group Outlets Division,
Associate Director of Finance to the Riyadh Military Hospital and as a senior
consultant at Coopers & Lybrand Associates.

Graham Axford

Graham Axford, 57, is Chief Executive of Corporate Finance Partners Limited, a
regulated specialist corporate finance advisory firm. His professional
experience includes positions as Managing Director, Corporate Finance at James
Capel & Co (now HSBC Investment Bank) and Head of UK Corporate Finance, Credit
Lyonnais Laing. He has served on the boards of several companies in a variety of
industries including aviation, brewing, PR, property and housing;

Current Directorships:

Corporate Finance Partners Limited

Corporate Seed Capital Limited

Cross-Forth Limited

Cross-Forth Property Investments Limited

Lincoln Warwick Limited

Oak Holdings Limited

Open Learning International Limited

Yorke and Hartford Limited

Yorkshire Entertainment Sensation Limited

Past Directorships

Cameo Editions Limited (Dissolved)

Corporate Venture Projects Limited (Dissolved)

Cross-Forth Developments Limited (Dissolved)

InnRoom Controls Limited (Ireland)

Intermezzo Productions Ltd (Dissolved)

Johnston Holdings Limited

World Soccer 6ix's Ltd (Dissolved)

Zamora Limited (Dissolved)

Mr Axford replaces Jonathan Crisp as a Non Executive Director on the Board of
the Company. Mr Crisp resigned from his position on 31 January 2003.

Mr Axford holds 171,333 ordinary shares in Parallel Media, representing 0.77 per
cent. of the issued share capital of the Company.

Commenting on the board changes, David Ciclitira, Executive Chairman of Parallel
Media Group plc, said:

'Parallel Media Group has an extensive portfolio of commercial sports rights and
is involved in more than sixty golf events worldwide each year. This, combined
with our sports, sales and marketing expertise across the executives sports
sector, presents a significant opportunity for the Company. We are delighted
that Gerald and Graham are joining us at this exciting stage in our development.
They bring with them a wealth of experience and we look forward to working with
them to exploit fully these global opportunities. I would also like to thank
Jonathan Crisp for his support and input during his time on our board.'

Press Enquiries to:

David Ciclitira, Executive Chairman      Tel: [phone]

Parallel Media Group Plc

Emma Kane                                Tel: [phone]

Redleaf Communications

Notes to Editors:


  • 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 sixty golf events worldwide each year.
    These events include the Asian PGA Tour Ltd, Ladies European Tour, The Tour
    de las Americas, and The President's Cup;
  • 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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