Publication of Report and Accounts

25.07.12

Parallel Media Group plc

("PMG" or "the Group")

Publication of Report and Accounts

Parallel Media Group Plc, a leading sports marketing and media group, announces that the audited annual report and accounts for the year ended 31 December 2011 have been published and are available to be downloaded from the Company's website: www.parallelmediagroup.com.

As a result, trading in the Company's shares on AIM will be restored with effect from 1530hrs today.

For further information, please contact:

Parallel Media Group 020 7225 2000

David Ciclitira

Northland Capital Partners 020 7796 8800

Luke Cairns, Edward Hutton

Bishopsgate Communications

Nick Rome/Sam Allen 020 7562 3350

pmg@bishopsgatecommunications.com