DISPOSAL

Parallel Media Group PLC
31 March 2003


Date:         31 March 2003
On behalf of: Parallel Media Group plc
              For immediate release


Completion of Sale of WGSL

The Board of Parallel Media Group plc, a major international golf and executive
sports rights and marketing business, confirms that all the conditions
associated with its disposal of WGSL have, as at today's date, been completed
following the receipt of the deferred consideration of £500,000 from Park House,
in line with the agreement announced on 23 December 2002.

                                    - Ends -


Enquiries to:

Emma Kane, Chief Executive                              Tel:  [phone]
Redleaf Communications Ltd



Notes to Editors:

• WGSL (World Sport Group Limited) was a subsidiary acquired by Park House from 
  World Sport Group plc;

• World Sport Group plc changed its name to Parallel Media Group plc on 20 
  January 2003.

• Parallel Media Group Plc was founded 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;

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



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