REPLACEMENT: Directors Dealings

Paragon Entertainment Limited

Directors Dealings

Paragon Entertainment Limited (AIM:PEL), the AIM-listed design and build, proprietary attractions and licensing and distribution company, was today informed that Mark Pyrah, a director of the Company, through his pension scheme purchased 991,038 ordinary shares of 2.6p each for a total consideration of £25,766.99.

Following the transaction, Mark Pyrah has beneficial interest in 22,214,594 ordinary shares of 0.1p each, representing 11.8% of the Company's issued share capital.

Notes to Editors:

Paragon Entertainment Limited (AIM:PEL) is an award-winning company which designs and builds world-class visitor attractions for third parties, develops proprietary attractions, and licenses and distributes related offerings.

It is the holding company for:

§ Paragon Creative, a business with a long history of designing and building museums, visitor centres and attractions for third parties

§ Paragon Attractions, which develops, owns and operates proprietary attractions

§ Paragon Licensing, a company which licenses and distributes attractions-related intellectual property and products

The Group's current and recent projects include:

§ The design and build of The Olympic Museum for the IOC in Lausanne, Switzerland

§ The design and build of Titanic Belfast

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

§ A Licensing agreement to develop Nerf-branded attractions and distribution agreements with Yu Kids and HiLo

The Group listed on AIM in 2011.

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