PEL.L Regulatory News (PEL)

Paragon Entertainment Limited

Anchor Partnership with Create Yorkshire

Paragon Entertainment Limited (AIM:PEL), the attractions design, production and fit-out business, notes the press release today of Makin Enterprises, who are seeking feedback on a plan to build a creative hub, to be known as 'Create Yorkshire', on land at the former RAF Church Fenton (the "Project").

By moving all existing operations to the new site, Paragon will be a major anchor partner in the Project, which is being described as the first step in a long-term strategy for the development of Create Yorkshire.

The vision for Create Yorkshire builds on the success of the film and television studios already at the site, home to ITV's hit TV show Victoria.

Chris Makin, CEO of Makin Enterprises and landowner said:

"It is great news that Paragon are joining the Create Yorkshire project at Church Fenton. Their involvement is another step towards delivering a real creative hub in the North of England, which promises jobs and growth for the whole region. As I have always maintained, it is crucial that development here can only go ahead after consulting with local people, to ensure Create Yorkshire is a benefit for as many people in the community as possible."

Mark Pyrah, Development Director & Founder at Paragon said:

"We are excited to become part of the Create Yorkshire project and benefitting from the talent available in Selby and the surrounding area. Paragon Creative is one of the world's leading design development and build companies, with over 25 years of practical and creative experience."

For further information about the Project, please go to www.createyorkshire.co.uk.

About Paragon

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 build of Rolling Stones Exhibitionism at the Saatchi Gallery, London;

· 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; and

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

The Group listed on AIM in 2011. Further information can be found at http://www.paragonent.com.