Certain spin chains, such as the quantum Ising chain, have free fermion spectra which can be expressed as the sum of decoupled two-level fermionic systems. Free parafermions are a simple generalisation of this idea to Z N -symmetric models. In 1989 Baxter discovered a non-Hermitian but PT -symmetric model directly generalising the Ising chain which was much later recognised by Fendley to be a free parafermion spectrum. By extending the model's magnetic field parameter to the complex plane, we show that a series of exceptional points emerges, where the quasienergies defining the free spectrum become degenerate. An analytic expression for the locations of these points is derived, and various numerical investigations are performed. These exceptional points also exist in the Ising chain with a complex transverse field. Although the model is not in general PT -symmetric at these exceptional points, their proximity can have a profound impact on the model on the PT -symmetric real line. Furthermore, in certain cases an exceptional point may appear on the real line (with negative field). Contents 5 Other Degeneracies of H 11 6 Exceptional Points and Positive Real λ 11 7 Conclusion 12