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') received notification on 10 February that, as a
result of a disposal of 217,000 shares, Colin Devonshire no longer has a
notifiable interest in the ordinary shares of the Company.