PEL.L Regulatory News (PEL)

 Marwyn Capital II Limited

("Marwyn Capital II" or the"Company")

Result of General Meeting

The Company is pleased to announce that all of the resolutions set out in the notice of General Meeting included in the admission document issued by the Company on 16 December 2011 relating to the reverse takeover of Paragon Creative Limited and the placing of up to 62,500,000 Ordinary Shares were duly passed at the General Meeting which was held today at 10.00 am.

Application has been made for admission of the Enlarged Share Capital to be admitted to trading on AIM. Dealings in the 34,550,000 VCT Placing Shares are expected to commence on AIM on 21 December 2011. Dealings in the 26,875,000 General Placing Shares, 37,826,525 Consideration Shares and 10,036,528 Commitment Shares are expected to commence and dealings in the VCT Placing Shares and the Existing Ordinary Shares are expected to recommence on 22 December 2011. The total number of Ordinary Shares in issue following Admission will be 158,288,053.

Definitions used in this announcement have the same meaning as those used in the announcement of 16 December 2011.

Ends

For further information please contact:

Ivonne Cantu / Max Hartley