Result of AGM and EGM

Parallel Media Group PLC
17 October 2003


17 October 2003

                           Parallel Media Group Plc

                            Result of AGM and EGM


Parallel Media Group Plc ('PMG' or the 'Company') announces that at the
reconvened Annual General Meeting of the Company held earlier today, all
resolutions were duly passed.  Similarly, at the Extraordinary General Meeting
held immediately thereafter, both of the resolutions were passed.

At the Annual General Meeting the Company announced that the litigation in the
British Virgin Islands between Tour de las Americas Enterprises Limited (a
subsidiary of the Company and which is to be renamed PGAA Media Limited) and PGA
de las Americas Limited has been settled with a revised 50 year Master Rights
Agreement being executed in respect of the Tour de las Americas.


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