Corporate Facility Repayment

Paragon Group Of Companies PLC
27 February 2008






                        REPAYMENT OF CORPORATE FACILITY
                        -------------------------------

The Paragon Group of Companies PLC announces that, following successful
completion of the recent £287 million rights issue, the Group's £280 million
Corporate Facility has been repaid in full, in accordance with its terms.



Enquiries:

John G Gemmell, Company Secretary
0121 712 2075




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