Date: 7^th January 2019

On behalf of: Paragon Entertainment Limited ("Paragon", the "Company" or the "Group")

Paragon Entertainment Limited

Announcing Dig It! Rostov on Don, Russia opening.

Paragon Entertainment Limited (AIM: PEL), the attractions design, production and fit-out business, announces that its second Dig It! attraction opened in Rostov on Don, Russia on 23 December 2018.

PEL have partnered exclusively in the region with Edutainment Group LLC, a Russian company specializing in theme parks for children, who currently own and operate over 20 existing attractions. In 2019, The Edutainment Group is planning to launch further Dig It! attractions across Russia.

The Founder and CEO of Edutainment Group, Alexander Khudyakov, said of the opening:

"We are pleased to open our first Dig It! attraction in the Gorizont Mall in Rostov on Don, Russia. The Dig It! concept is unique to Russia and we look forward to a further roll out of this brand with Paragon Entertainment Limited in key Russian cities of Moscow and Saint Petersburg later this year. The Edutainment Group has extensive experience with theme parks and Panda Parks throughout Russia and we look forward to adding Dig It! to our portfolio."

Commenting on the announcement, Mark Pyrah, CEO and Founder of Paragon Entertainment said: 

"We are delighted to open our first Dig It! in Russia with The Edutainment Group. The attraction is in a prime mall location in Gorizont Mall and it's great to see the opportunity for the Dig It! brand to expand in multiple locations across Russia. We are confident that the wealth of operational experience and knowledge of The Edutainment Group has in the Russian attractions sector will be a huge driving factor in it's success."

"Dig it! Rostov on Don follows on from the launch of the award winning Dig It! Dubai Springs, UAE in July 2018. Dig It! Dubai Springs is performing very well giving other clients solid confidence in the product. The advantage of Dig It!, as a modular attraction, it can be scaled and for our client's budgets and venues. This makes it very attractive offering to mall owners and potential operators. Other Dig It! locations are in progress for 2019 and we look forward to announcing them in due course."

- ENDS -

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 Kidzania, London;

· 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 Dig It! brand;

· Little Explorers for MAF in the MENA region;

· The design and build of Titanic Belfast;

The Group listed on AIM in 2011.

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