Holding(s) in Company

PARALLEL MEDIA GROUP PLC                            

                             HOLDING(S) IN COMPANY                             

Pursuant to section 198 of the Companies Act 1985, the Board of Parallel Media
Group plc (the 'Company') today received notification that Colin Devonshire has
an interest in 827,000 ordinary shares in the Company representing
approximately 3.73% of the Company's issued ordinary share capital.