Private Media Group, Inc. Reports Acquisition of 6.9% of the Company's Outstanding Shares of Common Stock in a Series of Purchases by its Majority Shareholder

BARCELONA, Spain, November 29 /PRNewswire/ --

Private Media Group Inc. (Nasdaq: PRVT) announced today that its CEO,
President, Chairman of the Board and majority shareholder, Mr. Berth Milton,
has increased his holding of the Company's shares of common stock. Since
September 15, 2007, Mr. Milton has acquired 3,655,000, or 6.9%, of the
Company's outstanding shares of common stock in a series of purchases at an
average price of US$3.26 per share. Following this US$11.9 million
acquisition, Mr. Milton's beneficial ownership of the Company's common stock,
as determined in accordance with rules of the U.S. Securities and Exchange
Commission, is equal to 57.8%.

About Private Media Group

With its 40 year track record, NASDAQ listed Private Media Group is a
brand-driven world leader in proprietary content delivery in its genre and
distributes premium quality adult content globally via a wide range of
platforms including; more than 783 million mobile telephone handsets,
broadband Internet, television broadcasting, DVDs and Magazines. Private
Media Group owns the worldwide rights to its extensive archive of top-quality
content, and also licenses its Private and "Silver Girls" trademarks
internationally for a range of luxury consumer products.

Disclaimer

This release contains, in addition to historical information,
forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the Securities
Exchange Act of 1934, as amended, which reflect the Company's current
judgments of those issues. However, because those statements are
forward-looking and apply to future events, they are subject to such risks
and uncertainties, which could lead to results materially different than
anticipated by the Company.

For further information please contact:
    Johan Gillborg
    Chief Financial Officer
    Private Media Group
    Tel +34-93-590-70-70
    johan.gillborg@private.com



Web site: http://www.prvt.com