Appointment of Chief Financial Officer

Paragon Entertainment Limited

Appointment of Chief Financial Officer

Paragon Entertainment Limited (AIM: PEL), the attractions design, production, fit-out and operations business, is pleased to announce that it has appointed Richard Arden to the role of Chief Financial Officer with immediate effect.

Richard joined Paragon Entertainment in 2012 as Group Head of Finance. Prior to his time at Paragon, Richardheld various CFO and FD roles across the IT, software and health sectors, including Chief Financial Officer at Parseq plc, and Finance Director roles at Documetric Limited, Debts.co.uk plc and Westfield Health.

Richard is an Associate of the Institute of Chartered Accountants of England and Wales (ACA), qualifying with PricewaterhouseCoopers in 2000.

Richard (and connected persons) hold 456,333 ordinary shares, representing 0.002% of the Company's total voting rights.

Commenting on the appointment, Mark Pyrah, CEO of Paragon Entertainment said:

"Richard is the natural fit for the role of Chief Financial Officer given his expertise in both the financial and strategic demands of the Group, as well as the wider industry. The Group is embarking on an exciting period of growth, and we look forward to working closely with Richard to achieve our goals."

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Notes to Editors:

Paragon Entertainment Limited (AIM:PEL) is an award winning provider of attraction services from initial design and production through to the direct operation and development of themed attractions.

It is the holding company for:

§ Paragon Creative Limited, a visitor attraction design, production and fit-out business;

§ Paragon Communications, who provides graphic design and marketing services; and

§ The Visitor Attraction Company (TVAC), an attraction consultancy, feasibility and operations company.

The Group's projects have included:

§ The design and build of the Titanic exhibition, Belfast's new £97 million visitor attraction;

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

§ Through licensing agreement with Hasbro, the design, build and operation of several Nerf attractions;

§ Acting as the lead thematic and interactive contractor for the Florya Aquarium in Istanbul.

The Group listed on AIM in 2011.

Further information can be found at: http://www.paragonent.com/