Live Company Regulatory News (LVCG)

Parallel Media Group PLC (PAA.L)

 ("PMG" or the "Company")

PMG announces exceptional line up for Ballantine's Championship 2013

PMG, the AIM quoted sports, entertainment and media agency, announces that it has signed American Ryder Cup stars Dustin Johnson and Zach Johnson, plus 2010 Open Champion Louis Oosthuizen, to headline the field for this year's Ballantine's Championship.

They will be joined by Korean players YE Yang and KT Kim for the 6th edition of the Championship, which returns to Blackstone Golf Club in Korea for a third successive year, on April 25-28 2013.

This line-up of leading international players cements the Ballantine's Championship's position as one of Asia's most prestigious golf tournaments.

The Ballantine's Championship 2013 will be supported by a host of secondary sponsors, including Bank of America, Hyundai, Emirates, Titleist, Korean Telecom, AIA, OMEGA and IJP Design. PMG is in final stages of negotiation with a number of further sponsors.

David Ciclitira, Chairman of PMG said: 

"Following the huge success of the 2012 Ballantine's Championship, which saw over 45,000 spectators attending the tournament, we look forward to increased success this year, both in terms of the event and its contribution to the Company's revenues."

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For further information, please contact:

Parallel Media Group plc (London) 020 7225 2000

Alan Carri

Northland Capital Partners Limited 020 7796 8800

Luke Cairns, Edward Hutton