Live Company Regulatory News (LVCG)

15 August 2012

Parallel Media Group plc

("PMG" or "the Company")

New Contracts

Parallel Media Group Plc, the AIM quoted sports marketing and digital media agency, today announces a series of new contracts relating to its Asian based business.

Kpop Band Skarf

Parallel Media Group Asia (PMGA), a 51% owned subsidiary has sold, on behalf of Alpha Entertainment Group Pte Ltd, until 31 December 2012 the title sponsorship of K-Pop band Skarf to Giant, a hypermarket in Singapore, for US$300,000 from which PMGA will earn commissions. Skarf, a band consisting of two Singaporean and two Korean artists debuted yesterday with their single Oh! Dance (www.alphaentkorea.com).

Wonder Girls

In addition PMGA has an agreement with Giant to be the presenting sponsor for the forthcoming concert for K-Pop band the Wonder Girls which will be held in Singapore on 08 September 2012. TC Connections and Yes Asia have also been signed up as co-sponsors for the concert.

International Judo Federation

Furthermore, PMG has been appointed by the International Judo Federation ('IJF') as a global sponsorship agent for judo events during the initial period ending 31 December 2016.

David Ciclitira, Chairman, commented:

"We are delighted to add the sport of Judo to our portfolio and especially in light of Great Britain's recent Silver and Bronze medals in the recent summer games and the growing success of our new K Pop business in Asia. PMG and its subsidiaries have a number of other projects that we are working on at the moment and we look forward to making further announcements in due course."

For further information, please contact:

Parallel Media Group 0207 349 4816

David Ciclitira

Northland Capital Partners Limited 020 7796 8800

Luke Cairns, Edward Hutton

Bishopsgate Communications

Nick Rome/Sam Allen 020 7562 3350

pmg@bishopsgatecommunications.com