Framework agreement signed

PARAGON SIGNS FRAMEWORK AGREEMENT WITH MAJID AL FUTTAIM LEISURE & ENTERTAINMENT LLC

Paragon announces that is has entered into a Framework Agreement with Majid Al Futtaim Leisure & Entertainment to design and build their unique portfolio of leisure concepts.

Paragon will be offering attractions design and build services around MAF's existing Magic Planet, Little Explorers, Ski Dubai, WAHOOO! Water Park, Playnation and Aquaplay projects as well as working on new concepts. Paragon is currently working with MAF on projects in Saudi Arabia, Egypt, RAK and Dubai.

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

'We are delighted to be working with MAF to create the very best leisure and entertainment across the MENA region and this Framework Agreement allows us to provide the very best support for this impressive client.'

Notes to Editors.

Majid Al Futtaim Leisure & Entertainment is a leading provider of indoor family entertainment and unique leisure offerings in the MENA region. Offering a unique portfolio of wholly owned and franchised leisure concepts.

Paragon Entertainment Limited (AIM:PEL) is an award winning attraction design, production and fit-out business.

The Group's projects have included:

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

§ The design development and build of the Titanic exhibition in Belfast;

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

§ Acting as the lead thematic and interactive contractor for the Kazakhstan National Museum.

The Group listed on AIM in 2011.

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