Annual Report and Notice of AGM

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, WITHIN, INTO OR IN THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN.

For immediate release 28 April 2016

Challenger Acquisitions Limited

("Challenger" or the "Company")

Annual Report and Notice of AGM

Challenger Acquisitions Limited (LSE: CHAL), a leader in the Giant Observation Wheel industry announces that the Company's Notice of Annual General Meeting and related Form of Proxy ("Notice") together with the Annual Report, containing the financial statements for the year ended 31 December 2015, have been distributed to shareholders. The Annual General Meeting will be held at 3.00 p.m. local time on Monday, 16 May 2016 at The Duke of Richmond Hotel, Cambridge Park, St Peter Port, Guernsey, GY1 1UY.

A copy of the Annual Report and Notice is available on the Company's website at: www.challengeracquisitions.com and an electronic version has been submitted to the National Storage Mechanism, which will shortly be available for inspection at http://www.morningstar.co.uk/uk/NSM.

**ENDS**

For more information visit www.challengeracquisitions.com or enquire to:

Notes to Editors:

Challenger (LSE: CHAL) is focused on the design, engineering, project management and investment in select giant observation wheels. By combining its world-class team of technical engineering and project management skills with proven international financial expertise, the Company is ideally positioned to become a leader in the giant observation wheel sector.

The Company, which also has a ~3% equity interest in the US$500 million New York Wheel Project, is currently focusing on appraising approximately 25 opportunities in its project pipeline where it believes that it can utilise its expertise. With a team that has worked on four of the largest giant observation wheels constructed over the last 16 years, including the iconic London Eye, the Company is building on its unique position to deliver projects and generate shareholder value.