Director Dealing

Paragon Entertainment Limited

Directors Dealings

Paragon Entertainment Limited (AIM:PEL), the attractions design, production and fit-out business, was today informed that Mark Taylor, Chairman of the Company, through his family trust, today completed the purchase of 136,900 "A" ordinary shares in Paragon Entertainment Investments Limited, a subsidiary of Paragon Entertainment Limited, in respect of which it held an option to acquire these shares, at a share price of 2.5p for a total consideration of £3,422.50. These shares were held by a former director of the company and had been issued to him by way of an incentive scheme established in December 2011, further details of which are set out in the admission document dated 16 December 2011.

Following the transaction, Mark Taylor beneficially owns 10,526,961 ordinary shares through his family trust, representing 5.6% of the Company's issued share capital and 136,900 "A" ordinary shares in Paragon Entertainment Investments Limited, representing 2.5% of the class of "A" ordinary shares in Paragon Entertainment Investments Limited.

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 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/