Causeway Trophy 2013 Title Sponsorship

Parallel Media Group PLC

("PMG" or the "Company")

Causeway Trophy 2013 Title Sponsorship

Further to the announcement of 23 January, PMG is pleased to announce that it has signed an agreement with Prudential Assurance Company Singapore Pte. Ltd for the title sponsorship of the inaugural Causeway Trophy 2013 in Singapore.

"Being the title sponsor of the Prudential Causeway Trophy is our way of demonstrating our commitment to support local sportsmen, and to encourage the growth of a sports culture among Singaporeans," said Tomas Urbanec, CEO of Prudential Singapore. "Prudential is delighted to become the title sponsor of this exciting new sporting event for Singapore and Malaysia and we look forward to the friendly rivalry being played out on the green."

David Ciclitira, Chairman of PMG, commented: "We are delighted to announce our partnership with such a prestigious brand as Prudential, and are looking forward to working with their team to develop the Prudential Causeway Trophy into one of the region's most eagerly anticipated and passionately supported sporting competitions".

For further information, please contact:

Parallel Media Group plc 020 7225 2000

Amelia Wix

Northland Capital Partners Limited 020 7796 8800

Luke Cairns, Edward Hutton