Share Price Movement

Parallel Media Group Plc

9 January 2017

Parallel Media Group Plc ("PMG" or the "Group")

Share price movement

Parallel Media Group Plc (AIM: PAA) notes the recent share price rise. On 30th December 2016 PMG released an update statement including the comment that it was reviewing acquisition prospects which will enable PMG in 2017 to confirm opportunities in the live event and entertainment sector. Whilst the Group continues to review acquisition prospects there have been no material developments since that time.

Contacts:

Parallel Media Group Plc

David Ciclitira Tel: 020 7225 2000

Stockdale Securities Limited

Robert Finlay / Edward Thomas Tel: 020 7601 6100