Holding(s) in Company

7 February 2012

                           Parallel Media Group PLC                            

                           ("PMG" or the "Company")                            

                             Holding(s) in Company                             

PMG, the AIM-quoted sports media and digital agency, was notified on 6 February
2012 that Mr. Pierce Casey no longer had a notifiable interest in the Company's
shares.

                                     -End-                                     

For further information, please contact:

Parallel Media Group plc 020 7225 2000

David Ciclitira

Northland Capital Partners Limited 020 7796 8800

Luke Cairns, Edward Hutton

Novus Capital Markets Limited 020 7107 1881

Nicholas Lee

Bishopsgate Communications 020 7562 3350

Deepali Schneider, Natalie Quinn

[e-mail]