Appointment of CEO and Development Director

Paragon Entertainment Limited

Appointment of Chief Executive Officer and Development Director

Paragon Entertainment Limited (AIM: PEL), the attractions design, production and fit-out business, is pleased to announce that it has appointed John Dobson, currently Chief Operating Officer, to the role of Chief Executive Officer.

Mark Pyrah, current Chief Executive Officer and co-founder of Paragon will move into the role of Development Director.

Commenting on the appointment, Mark Taylor, Executive Chairman of Paragon Entertainment said:

"As we have become increasingly confident about the sustainability of Paragon's growth, the board has decided that it would be wise to further strengthen management for the future. John Dobson is ideally positioned to lead management best practice and release Mark Pyrah to focus on his passion and propensity for sales and business development."

About Paragon

Paragon Entertainment Limited (AIM:PEL) is an award winning provider of attraction services from initial design production and consulting through to the fit out and installation of themed attractions, heritage exhibits, museums, aquariums and water parks, inter alia. Paragon Entertainment is the holding company for Paragon Creative Limited.

The Group's projects have included:

· The build of Rolling Stones Exhibitionism at the Saatchi Gallery, London;

· The design and build of Kidzania, London;

· The design and build of galleries at the Olympic Museum for the IOC in Lausanne, Switzerland;

· The design and build of the galleries at The National Museum of Kazakhstan;

· The design and build of Titanic Belfast;

· The thematic build of the Wallace and Gromit ride at Blackpool Pleasure Beach;

The Group listed on AIM in 2011. Further information can be found at: http://www.paragonent.com.