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<body><div>RNS Number : 7058T</div>  <div>Parallel Media Group PLC</div>  <div>09 January 2017</div>  <div>&#160;</div>
<div class="f">
<p class="a"><span class="l">Parallel Media Group Plc</span></p>
<p class="a"><span class="l">9 January 2017</span></p>
<p class="a"><span class="l">&#160;</span></p>
<p class="a"><span class="l">&#160;</span></p>
<p class="a"><span class="l">&#160;</span></p>
<p class="a"><span class="l">&#160;</span></p>
<p class="o"><span style="FONT-WEIGHT: bold"><span class="k">Parallel Media Group Plc</span></span><span class="l">&#160;("PMG" or the "Group")</span></p>
<p class="o"><span class="l">&#160;</span></p>
<p class="p"><span class="l">Share price movement</span></p>
<p class="o"><span class="l">&#160;</span></p>
<p class="o"><span class="l">&#160;</span></p>
<p class="p"><span class="k">&#160;</span></p>
<p class="a"><span class="l">Parallel Media Group Plc (AIM: PAA) notes the recent share price rise.&#160;&#160; On 30<sup>th</sup> December 2016 PMG released an update statement including the comment that it was reviewing acquisition prospects</span><span class="h"> which will enable PMG in 2017 to confirm opportunities in the live event and entertainment sector</span><span class="l">. Whilst the Group continues to review acquisition prospects there have been no material developments since that time.</span></p>
<p class="o"><span class="l">&#160;</span></p>
<p class="a"><span class="l">&#160;</span></p>
<p class="a"><span class="l">&#160;</span></p>
<p class="q"><span class="k">Contacts:</span></p>
<p class="q"><span class="k">&#160;</span></p>
<p class="q"><span class="k">Parallel Media Group Plc</span></p>
<p class="a"><span class="l">David Ciclitira Tel: 020 7225 2000</span></p>
<p class="a"><span class="l">&#160;</span></p>
<p class="q"><span class="k">Stockdale Securities Limited</span></p>
<p class="a"><span class="l">Robert Finlay / Edward Thomas Tel: 020 7601 6100</span></p>
<p class="a">&#160;</p>
</div>
<div style="text-align:center;"><br/>This information is provided by RNS</div><div style="text-align:center;">The company news service from the London Stock Exchange</div><div>&#160;</div>  END<div>&#160;</div><div>&#160;</div>MSCBLMITMBJMBJR</body>
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