Director Change

Paragon Entertainment Limited

Director Change

Paragon Entertainment Limited (AIM:PEL), the attractions design, production, fit-out business and operator, announces the departure of Robert Hersov as Chairman, effective from 13 December 2013.

Mark Taylor, current Vice-Chairman, will assume Robert's duties and responsibilities on an interim basis.

Mark Pyrah, Chief Executive Officer, said:

"Robert has played a key role in the growth and development of Paragon Entertainment, and has been a valued board member. I would like to take the opportunity to thank Robert for his contribution and guidance over the years, and wish him the very best for the future."

Notes to Editors:

Paragon Entertainment Limited (AIM:PEL) is an award winning provider of attraction services from initial design and production through to the direct operation and development of themed attractions.

It is the holding company for:

§ Paragon Creative Limited, a visitor attraction design, production and fit-out business;

§ Paragon Communications, who provides graphic design and marketing services; and

§ The Visitor Attraction Company (TVAC), an attraction consultancy, feasibility and operations company.

The Group's projects have included:

§ The design and build of the Titanic exhibition, Belfast's new £97 million visitor attraction;

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

§ Through licensing agreement with Hasbro, the design, build and operation of several Nerf attractions;

§ Acting as the lead thematic and interactive contractor for the Florya Aquarium in Istanbul.

The Group listed on AIM in 2011.

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