Title Sponsor for Hong Kong Open

12 May 2010 09:00

12 May 2010 Parallel Media Group Plc ("PMG" or the "Company") Title Sponsor for Hong Kong Open

The Company is pleased to announce that UBS has agreed to continue as the title sponsor for the Hong Kong Open for a further two years. It has previously been announced that 2009 would be the last year with UBS as title sponsor, however a new sponsorship agreement has now been agreed that will see UBS remain as title sponsor for 2010 and 2011.

The announcement of UBS as title sponsor for the Hong Kong Open should also enable PMG to complete further sponsorship agreements for the event, many of which were on hold pending the confirmation of the title sponsor.

For more information please contact:

Martin Doherty, Finance Director +44 (0) 20 7225 2000 Parallel Media Group Plc Antony Legge / Stuart Lane +44 (0) 20 7448 4400 Astaire Securities Plc www.parallelmediagroup.com