Issue of Shares

17 Aug 2010 12:44

17 August 2010 Parallel Media Group Plc ("PMG" or the "Group") Issue of Shares

In relation to the forthcoming General Meeting of the Group on 31 August 2010 and as described in related shareholder circular, Martin Doherty, the Company Secretary, has agreed to subscribe for 196 Ordinary Shares to increase the number of Ordinary Shares in issue to 1,066,023,860.

Application has been made for the admission of these shares to the AIM market of the London Stock Exchange and is expected to become effective on 23 August 2010.

For more information please contact:

Stewart Mison / Martin Doherty Parallel Media Group Plc +44 (0) 20 7225 2000

Antony Legge / Luke Cairns / Astaire Securities Plc +44 (0) 20 7492 4750Toby Gibbs Alex Giacchetti Bishopsgate +44 (0) 20 7562 3350 Communications www.parallelmediagroup.com