Result of EGM

World Sport Group PLC
20 January 2003

                             World Sport Group plc

                    Result of Extraordinary General Meeting

At the Extraordinary General Meeting of the Company held earlier today, all
resolutions put to the members of the Company were duly passed. The resolutions
were in relation to the disposal of WSGL, the capital reconstruction, the open
offer and the change of name of the Company to Parallel Media Group plc
announced by the Company on 23 December 2002.

Admission of the New Ordinary Shares to trading on AIM is expected to take place
on 21 January 2003, and the change of name is expected to become effective on 22
January 2003.



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