First HiLo Sale

Paragon Entertainment Limited

First HiLo Sale

Paragon Entertainment Limited (AIM: PEL), the AIM-listed company which designs and builds attractions, develops proprietary attractions and licenses and distributes related offerings, is pleased to announce the first sale of its HiLo product, a geodesic climbing dome. The opening of HiLo at Gulliver's Land, Milton Keynes, is expected in October 2014.

HiLo sits within Paragon Entertainment's Licensing division, which is well-placed to take advantage of key third party intellectual property licences and product distribution agreements.

Paragon Entertainment, CEO, Mark Pyrah said:

"Our stated strategy includes the development of the Licensing division, and today's announcement is a clear demonstration of Paragon's investment in its portfolio of licenses and products. Management believes there is good potential for HiLo across the UK and beyond and we look forward to updating the market with our progress."

 - ENDS -

Notes to Editors

Paragon Entertainment Limited (AIM:PEL) is an award-winning provider of attraction services with the expertise to create, develop and operate world-class visitor attractions.

 It is the holding company for:

· Paragon Creative, a business with a long history of designing and building museums, visitor centres and attractions

· Paragon Attractions, which conceptualises, develops, owns and operates proprietary attractions

· Paragon Licensing, a company that develops branded attractions and distributes attraction products

The Group's current and recent projects and transactions include:

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

· The design and build of Titanic Belfast

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

· A Licensing agreement with Hasbro to develop Nerf branded attractions and distribution agreements with Yu Kids and HiLo

 The Group listed on AIM in late 2011.

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