Further re: K-Pop Concert

5 December 2013

Parallel Media Group PLC

("PMG" or the "Company")

K-Pop Concert Postponed until 2014

PMG, the AIM quoted sports, entertainment and media agency, announces that the K-Pop music event, which was scheduled to take place in December 2013, will be delayed until next year. The postponement of this event was at the request of the sponsor and follows a mutual agreement between the sponsor and PMG. The result of the delay is that approximately £200,000 of revenue associated with the event will now fall into the Company's 2014 financial year.

-ENDS-

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