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

For Immediate Release

30 September 2016

Challenger Acquisitions Limited

("Challenger" or the "Company")

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Challenger Acquisitions Limited (LSE: CHAL), a leader in the Giant Observation Wheel industry announces that in compliance with its obligations under DTR 5.6.1 of the FCA's Disclosure Rules and Transparency Rules, following an allotment of new shares announced during the month, as at the date of this announcement the Company's issued share capital consists of 21,178,451 ordinary shares with a nominal value of £0.01 each, with voting rights (the "Ordinary Shares").

The above figure of 21,178,451 Ordinary Shares with voting rights may be used by shareholders in the Company as the denominator for the calculations by which they can determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the Financial Conduct Authority's Disclosure and Transparency Rules.

The Company does not hold any shares in treasury.

**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.