Notification of Shareholding

Paragon Entertainment Limited

("Paragon" or the "Company")

Notification of Shareholding

Paragon Entertainment Limited (AIM: PEL), the attractions design, production and fit-out business, announces that it has received notification from Luckland Limited that is has an interest in 5,700,000 ordinary shares of 0.1 pence each in the capital of the Company representing 3.04 per cent. of Paragon's issued share capital.

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;

· Little Explorers for MAF in the MENA region;

· The Dig it! brand.

The Group listed on AIM in 2011.

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