PEL.L Regulatory News (PEL)

RNS REACH ANNOUNCEMENT

Paragon Entertainment Limited

Representation Agreement with H2E in Latvia, Baltic States, CIS Countries and Scandinavia

Paragon Entertainment Limited (AIM: PEL), the attractions design, production and fit-out business, is pleased to announce that it has entered into a joint representation agreement with H2E, a Latvian-based designer of museums, attractions and heritage based projects.

Paragon will represent H2E in the UK and H2E will represent Paragon's bespoke attractions design, development and build offering across the Latvia, Baltic States, CIS Countries and Scandinavia. The agreement will allow Paragon increased access to regional businesses, local trades and materials and trading licences for projects. H2E will benefit from Paragon's sales, marketing and presence in the UK and Western Europe.

Paragon has had a limited presence in Latvia, the Baltic States, CIS Countries and Scandinavia and it is Paragon's objective in 2016 to increase its representation base around the world so as to attract and find new projects in new regions where it is not currently active.

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

"I am delighted to announce this deal which follows a period of significant interest in this growing and exciting region. As most projects require local understanding, representation on the ground is an important strategic step to drive sales and growth in new areas of the world. We chose to work with H2E due to the quality of their work, their in-depth knowledge of the region and strong existing client base. We look forward to creating joint and synergistic opportunities through this partnership."

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;

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

· Licensing and distribution installations at Gullivers, Milton Keynes and Art Mall, Ukraine.

The Group listed on AIM in 2011.

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