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13th October 2009

Press Release

Parallel Media Group plc (“PMG”) today announced that Korean companies Daishin Securities and Tomato Tour have both signed two-year agreements which sees them become Co-Title Sponsors of the Korean Ladies Masters through to 2010

The ‘Daishin Securities Tomato Tour Korean Ladies Masters’ will be held on Jeju Island at Cypress Golf & Resort from 6th- 8th November this year.

"this tournament is a really exciting opportunity for our players to test themselves against Korea's finest." Alexandra Armas

The event, which is in its second year, is the first and only tournament to be co-sanctioned between the LET and KLPGA and sees the best lady players from Europe compete against Korea’s elite. Promoted by PMG, the event is one of Korea’s biggest tournaments with a prize purse of US$300,000 (351,180,000 Won).

"The Ladies game in Asia continues to grow from strength to strength and the co-title sponsorship of Daishin Securities and Tomato Tours is a clear demonstration of the strength of the game in Korea. We very much see Korea as a major market force for the future of PMG and I’m delighted this tournament’s future has been secured for the next two years I look forward to working alongside Daishin Securities and Tomato Tour in growing this exciting tournament even further," said David Ciclitira, Chairman of Parallel Media Group The co-sanctioned tournament serves as a fantastic opportunity for the best female golfers in Europe to compete against the best of their Korean counterparts, who are now viewed as the finest in the world. 50 players from the LET and 50 players from the KLPGA will battle it out for the prize purse at the picturesque Cypress Country Club in Jeju. Live coverage of the event will be broadcast in Korea on JGolf.

"Tour members and staff are hugely excited to be returning again to Korea after the great success of the inaugural Korean Ladies Masters," said Alexandra Armas, Executive Director of the Ladies European Tour. "The strength of ladies golf in Korea continues to grow and this tournament is a really exciting opportunity for our players to test themselves against Korea's finest."

ENDS

About Daishin Securities

Headquartered in Seoul, Korea, Daishin Securities is a leading financial services provider in Korea. Founded in 1962 with over two thousand employees Daishin Securities provides high quality financial service to satisfy the various needs of investors.

About Tomato Tour

Tomato Tour is one of the subsidiaries of JS Holdings Co., Ltd which has 5 other sister companies in road construction, heavy manufacturing and exporting, sport and entertainment investment, real estate investment and developing VIP Tour business travel.