Trading Update and Notice of Results

15 May 2015

Parallel Media Group plc

('PMG' or the 'Company')

Update re: Causeway Trophy and Notice of Results

Parallel Media Group Plc (AIM:PAA), the AIM quoted sports, entertainment and media agency, announces that the Causeway Trophy has been postponed to 2016 with the aim of becoming a special event during the week of the Championship which, as previously announced, has been rescheduled to take place during the Spring of 2016.

In addition, the Company announces that it will release its full year results for the year ended 31 December 2014 on or before 30 June 2015. The results announcement will include an update on the Company's strategy, incorporating its developing music business.

Enquiries:

Parallel Media Group plc (London) Tel - 020 7225 2000

David Ciclitira

Sanlam Securities UK Limited Tel - 020 7628 2200

Virginia Bull