New Agreement

Parallel Media Group PLC
04 February 2005


       Parallel Media Group plc adds TCL Classic to Asian Golf Portfolio


The Board of Parallel Media Group plc ('PMG' or 'the company') announces that
its Asian subsidiary, Parallel Media Golf (Asia) Ltd has signed an agreement
with China's leading consumer electronics brand, T.C.L. Industries Holdings
(H.K) Limited ('TCL'), to promote and stage the US$1million TCL Classic from
2005 through 2007.

The TCL Classic will be played at Yalong Bay Golf Club in Sanya, Hainan Island
southern China, from March 17 - March 20, 2005 and carries the sanctioning of
the European Tour and Asian Tour and full support of the China Golf Association
('CGA').

The addition of the TCL Classic to the European Tour International schedule
brings the total number of professional men's tournaments promoted by PMG in
Asia to five, making the company the largest independent golf promoter on the
European Tour.

PMG is also expanding further into Asia by promoting and staging two new
tournaments which will take the Ladies European Tour into the region for the
first time; this weeks Samsung Ladies Masters Singapore, which marks the KLPGA's
(Korean Ladies PGA) debut outside Korea, and the Thailand Ladies Open March 31 -
April 3 2005, an event jointly sanctioned by the newly created Ladies Asian Golf
Tour. As a result of today's deal, the company is now the largest independent
golf promoter in Asia.


Background

TCL is one of the most well known conglomerates in China today, specializing in
consumer electronics, mobile technology and home appliances. www.tcl.com/english

Parallel Media Group plc ('PMG') is a sports marketing, media and management
company. PMG specialises in the world of professional golf, owning commercial
and broadcast rights throughout Asia, Europe and the Americas. The company's
Asian portfolio includes the exclusive promoter's rights to the following PGA
European Tour events:

The Hong Kong Open, Hong Kong GC Fanling (2 - 5 December 2004)
The Singapore Masters presented by Carlsberg, Singapore (27 - 30 January 2005)
The Carlsberg Malaysian Open, Kuala Lumpur (17 - 20 February 2005)
The TCL China Classic, Yalong Bay Hainan Island (17 - 20 March 2005)
The Standard Chartered Bank Indonesia Open, Jakarta (24 -27 March 2005)


For more information please contact:

 Wynton Faure, Group Communications
 Parallel Media Group
 [phone]
 [e-mail]
 www.parallelmediagroup.com



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