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Parallel Media Group PLC (“PMG” or the “Company”) Record Crowds Attend The Ballantine’s Golf Championship Following the completion of PMG’s 2012 Ballantine’s Golf Championship yesterday, in Korea, PMG is delighted that the tournament was a huge success with Bernd Wiesberger from Austria winning the tournament with two course records of 65 on rounds 2 and 3. PMG had a record number of visitors attend the tournament held at Blackstone Golf Course, with 45,203 visitors over the four days with more than 23,000 of those attending on the final day. The tournament generated revenues for PMG of USD 8,822,000, up 5% compared with 2011. David Ciclitira, Chairman of PMG says: “It has been a great weekend for PMG with the completion of the 5th and the most successful Ballantine’s Championship to date. We look forward to building on this success with our Title Sponsor Ballantines for next year’s tournament in Korea” Bernd

Bernd Wiesberger sealed a dominant maiden European Tour victory in style at the Ballantine’s Championship, holing a 20 foot birdie on the final hole to finish five shots clear of Richie Ramsay at Blackstone Golf Club. The Austrian closed with a nerveless round of 68 to consolidate his overnight advantage and never looked like relinquishing his stranglehold on the €2.2million event in Korea, producing a faultless display of front running. A two-time runner up on The European Tour in 2011, Wiesberger had played himself into pole position for his first victory with consecutive flawless rounds of 65 on Friday and Saturday, and he was steady rather than spectacular on the front nine with his only birdie on the par five fifth. Scotsman Ramsay, who closed with an impressive 65 to claim second place, put some pressure on the 26 year old, reducing the gap to three shots with a birdie on the 16th, but Wiesberger stepped up another gear on the way in and picked up shots himself on

Bernd Wiesberger holds a one stroke lead at the halfway mark of the Ballantine’s Championship after a flawless seven under par second round 65, but the Austrian will be pursued by a strong chasing pack over the weekend in Korea. Wiesberger was one of several players who took full advantage of the benign morning conditions at Blackstone Golf Club, near Seoul, as he posted seven birdies with no blemishes on his card. The 26 year old, who had two runner-up finishes on The European Tour last year, chipped in from just off the green on the 18th to move to seven under par 137, one shot clear of 2010 Ballantine’s Championship winner Marcus Fraser who signed for a 67. Sweden’s Oscar Floren finished with back-to-back birdies on the 16th and 17th holes before an eagle on the last for a 67 to sit a further shot back, with last year’s Ballantine’s Championship runner-up Miguel Angel Jiménez (68) three shots off the pace on four under par in a share of