Notice of AGM

For immediate release:

23 November 2012

Paragon Entertainment Limited (the "Company")

Notice of Annual General Meeting

The Company announces the Annual General Meeting is to be held at the offices of DLA Piper UK LLP, 3 Noble Street, London, EC2V 7EE on Tuesday 18 December 2012 at 12.00 p.m. and that Notice of the Annual General Meeting has been sent to shareholders.

The Notice will also be available on the Company's website at www.paragonent.com.

For further information please contact:

Axio Capital Solutions Limited, Company Secretary

Anita Weaver 01534 710972

Cenkos Securities plc 020 7397 8900

Ivonne Cantu (Nomad)

Alex Aylen / Julian Morse