Director/PDMR Shareholding

7 Feb 2006 18:03

PARALLEL MEDIA GROUP PLC DIRECTOR'S DEALING The board of Parallel Media Group plc (the "Company") was today informed thatthe Tokyo Settlement today transferred its entire shareholding of 8,666,666ordinary shares in the Company, representing approximately 39 per cent. of theCompany's issued share capital, to David Ciclitira, the Chairman and CEO of theCompany. The ordinary shares were transferred at a price of 4.375p per ordinaryshare.The Tokyo Settlement is a discretionary trust, whose trustee is WalbrookTrustees (Jersey) Limited, a company incorporated in Jersey. David Ciclitira isa discretionary beneficiary of The Tokyo Settlement.David Ciclitira's previously disclosed holding of 12,418,243 ordinary sharesrepresenting approximately 56 per cent. of the Company's issued share capitalremains unchanged.ENDPARALLEL MEDIA GROUP PLC