Director/PDMR Shareholding

30.10.12

Parallel Media Group PLC

("PMG" or the "Company")

Director/PDMR shareholding

PMG, the AIM quoted sports marketing, entertainment and digital media agency, was today informed that David Ciclitira, Chairman of the Company, acquired 62,500 ordinary shares of 2.2p each ("Ordinary Shares") at an average price of 14.92p on 30 October 2012.

Following this acquisition, Mr Ciclitira is interested in 8,102,950 Ordinary Shares (35.36% of the issued share capital of the Company).

-End-

For further information, please contact:

Parallel Media Group plc 020 7225 2000

David Ciclitira

Northland Capital Partners Limited 020 7796 8800

Edward Hutton, Luke Cairns

Bishopsgate Communications 020 7562 3350

Nick Rome, Sam Allen, Matthew Low

pmg@bishopsgatecommunications.com

Notes to Editors

Mr Ciclitira's interest includes his direct interest, that of Luna Trading Limited and that of the other members of the concert party as defined in the circular published by the company dated 9th August 2010 ("the Ciclitira Concert Party").

As mentioned in the announcement of 9 November 2010, the Takeover Code contains provisions which would allow the Cicilitira Concert Party to increase its holding to not more than 45.34% of the issued share capital of the Company without any consequences under Rule 9 of the Takeover Code.