Resolution of Tour Issues

Parallel Media Group PLC
05 September 2003


   Parallel Media Group plc: PAA / Index: AIM / Sector: Media & Entertainment


5th September 2003

                            PARALLEL MEDIA GROUP PLC
                       LOOKS TO RESOLVE ASIAN TOUR ISSUES


Parallel Media Group Plc ('PMG'), the AIM listed executive sports rights and
marketing business, has today been issued in the High Court of Malaya, an
injunction order against Asian PGA Berhad for wrongful breach of contract
following the purported termination of the Master Rights Agreement held by Asian
PGA Tour Limited ('ATL') of which PMG is a 49.9% shareholder (PMG's Chairman and
CEO David Ciclitira has a 0.1% holding.).  The action has been taken by PMG to
protect the rights of ATL, its clients, the tour members and current and
potential sponsors of some of the regions most significant sporting events.

The grounds for the injunction state that the purported termination of the
Master Rights Agreement is not within the requirements of the Master Rights
Agreement and is invalid in law and/or of no effect.

PMG sees it in all parties' interest to resolve the issue as soon as possible.
ATL has a 25-year contract (the Master Rights Agreement) and a further 20-year
extension option with the Asian PGA Berhad for its entire commercial rights.

PMG is intent on preserving the status quo between ATL and the appropriate
golfing authorities. PMG is the exclusive sponsorship sales agent of ATL, which
is currently the largest promoter of events on the Asian PGA Tour. Furthermore
PMG, through ATL, is currently promoting eight events.

Chairman and CEO of PMG David Ciclitira said: 'We are focused on resolving this
matter as quickly as possible as we have a strong commitment to the future of
the Asian PGA Tour.  We have invested time, money and energy in generating
sponsorship for the Asian PGA Tour and the regions most successful sports
events, and feel confident that we have fulfilled our contractual obligations to
the Tour and its members. It is our intention to share success with those that
seek it.

'PMG was originally approached in 1999 by World Sport Group (WSG), its partners
in ATL, to aid in the growth of the Asian PGA Tour. The Master Rights Agreement
signed initially by WSG, clearly sets out the obligations of all parties. PMG
through its own efforts and via ATL has not only fulfilled these obligations,
but has contributed considerably to the success of the Asian PGA Tour. We remain
totally committed to the future and hope that through constructive dialogue, we
can resolve the current issues without damaging the commercial viability of our
relationships.'


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 [phone]
                         Director ATL

St Brides Media & Finance Ltd
Ian James/Hugo de Salis                                    Tel: [phone]


                      This information is provided by RNS
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