Rejection of Asian PGA Claim

Parallel Media Group PLC
26 August 2003

26 August 2003



Parallel Media Group Plc



Rejection of Asian PGA's Claims



Parallel Media Group Plc ('PMG'), the AIM listed executive sports rights and
marketing business, following a press release issued earlier today by the Asian
PGA Tour ('APGA') regarding the contract with Asian PGA Tour Limited ('ATL'),
has made the following statement to clarify its position.



PMG, having taken full legal advice, refutes APGA's purported termination of the
Master Rights Agreement with ATL. ATL has a twenty-five year contract (the
Master Rights Agreement) and a further 20-year extension option with the APGA
for all of its commercial rights. PMG has therefore demanded an immediate
retraction and will take every step to protect its rights and those of ATL,
including all of its third party agreements.



PMG through ATL is currently promoting 8 events on the Asian Tour and as such,
is the single largest promoter of tournaments on the Tour. PMG is a 49.9%
shareholder and the exclusive sponsorship sales agent of ATL. Its Chairman and
CEO David Ciclitira has a 0.1% holding.



David Ciclitira, Chairman and CEO of PMG said: 'PMG is astonished that APGA has
announced its action without discussion.  PMG and ATL have always performed and
will continue to fulfil their obligations in relation to the APGA, working in
the best interests of the Tour and its members.  Our new JV partners in Malaysia
are familiar with the current situation.'



For further information please contact:



Parallel Media Group plc ('PMG') & Asian PGA Tour Limited ('ATL')


David Ciclitira -    Chairman & CEO PMG       Tel: [phone]
                     Director ATL


Keld Kristiansen -   Director PMG             Tel: + 603 7984 2066
                     Director ATL


City Financial Associates ('CFA')

Stephen Barclay - CFA                         Tel: [phone]


St Brides Media & Finance Ltd

Ian James                                     Tel: [phone]




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