Directorate Change

PARAGON ENTERTAINMENT LIMITED

Directorate Change

Paragon Entertainment Limited (AIM: PEL), the AIM-listed design and build, proprietary attractions and licensing & distribution company ("Paragon" or "the Group"), announces that Pete Holdsworth, Technical Director, has today resigned from the Board of Paragon. Pete will continue to be employed by Paragon until 31 October 2016. Thereafter Pete will continue to support the company on key contracts in a consulting capacity.

Mark Taylor, Chairman of the Group, said

"I would like to thank Pete Holdsworth for his passion and commitment to Paragon over the last twenty three years. Pete had intended to reduce his workload at Paragon to pursue other opportunities and the recent progress made by Paragon has provided an opportunity for Pete to make this change with as little disruption as possible. Pete will continue to support Paragon with the delivery of its major projects."

Notes to Editors:

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 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;

- Licensing and distribution installations at Gullivers, Milton Keynes and Art Mall, Ukraine.

 The Group listed on AIM in 2011.

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