Directorate Change

Parallel Media Group PLC
19 December 2003

19th December 2003



                Parallel Media Group plc ('PMG' or 'the Group')



                          FURTHER CONSOLIDATION AT PMG



Parallel Media Group Plc, the AIM listed executive sports rights and marketing
business, has restructured its board following a review of corporate
responsibilities.



David Ciclitira, group founder, remains Executive Chairman, relinquishing his
role as Chief Executive. Deputy Chairman, Graham Axford takes on the new role of
Group Managing Director while Finance Director Gerald Andrews is leaving the
Board to pursue other ventures, although he will be retained as a consultant.
Graham Duncan, Group Financial Controller, takes over Mr Andrews'
responsibilities although he is not being appointed to the Board, reporting
directly to Graham Axford. Keld Kristiansen remains as Managing Director of
Parallel Media Asia.



PMG has, in addition, appointed a new Non Executive Director; Tan Sri Mohd
Razali Abdul Rahman, a Malaysian businessman with interests spanning property
and leisure.    His  current directorships include:



•               Chairman of Peremba (Malaysia) Sdn Bhd

•               Director and Chairman of Landmarks Berhad (listed on the Kuala
                Lumpur Stock Exchange)

•               Director and Chairman of Saujana Consolidated Berhad (listed on
                the Kuala Lumpur Stock Exchange)



There is no further information to be disclosed as required by Schedule 2 of the
AIM Rules.



In addition to the sale to management of Parallel Media Germany GmbH and World
Sport South Africa Pty Limited and the restructuring of its relationship with
PGA de las Americas, PMG has restructured its contract with the Ladies European
Tour and signed a new agreement giving rights over the tour until 2013.



With regard to the ongoing dispute with World Sport Group relating to Asian PGA
Tour Limited ('ATL'), a 50/50 joint venture between World Sport Group and PMG,
PMG successfully applied to the High Court of Hong Kong for the appointment of
an independent court appointed manager, thus controlling the internal financial
arrangements of ATL.



In Malaysia, an interim injunction awarded to PMG against Asian PGA Tour Berhad,
in relation to its purported termination of the Master Rights Agreement with
ATL, has been upheld despite an action to strike out by World Sport Group.



ATL events held this month, the Omega Hong Kong Open and the Volvo Masters of
Asia in Bangkok, have been successful.



David Ciclitira said: 'The Board changes are aimed at strengthening our Board by
promoting key internal people and bringing onto the Board a Non Executive with
the skills and experience to help us develop our global sporting operations. It
has been a challenging year and I would like to take this opportunity to thank
all our staff for their tremendous contributions.'



                                  * * ENDS * *



For further information please contact:


David Ciclitira             Executive Chairman PMG            Tel: [phone]
Ian James/Hugo de Salis     St Brides Media & Finance Ltd     Tel: [phone]



Notes to Editors:

•               Founded in 1987, PMG owns an extensive portfolio of sports
rights and is involved in more than 60 golf events worldwide each year.



•               Tan Sri Mohd Razali Abdul Rahman (RAR): RAR is a Malaysian and
holds a bachelor's Degree in Commerce from the University of Newcastle,
Australia, and Master's Degree in Financial Management from the University of
Queensland, Australia. He is a Fellow of the Australian Society of Certified
Public Accountants.



•               RAR holds a number of directorships including Chairman of
Peremba (Malaysia) Sdn Bhd as well as Director and Chairman of Landmarks Berhad
and Saujana Consolidated Berhad, two companies listed on the Kuala Lumpur Stock
Exchange.  Both companies are engaged in the property, hospitality and leisure
sectors.  The latter owns and operates the Saujana Golf and Country Club which
is hosting the 2004 Carlsberg Malaysian Open, which is promoted by ATL in
partnership with the Malaysian Golf Association as part of the Asian PGA Tour
and PGA European Tour.




                      This information is provided by RNS
            The company news service from the London Stock Exchange