Director Shareholding

Paragon Group Of Companies PLC
23 June 2004


                            DIRECTOR SHAREHOLDING

On 22 June 2004 The Paragon Group of Companies PLC granted the following awards 
under the Paragon Performance Share Plan ('PPSP'):

________________________________________________________________________________

Director         Award granted      Exercise period       Total awards now held
________________________________________________________________________________

J P L Perry             28,036    22/06/07 - 22/12/07                   161,260
N S Terrington          46,610    22/06/07 - 22/12/07                   257,773
N Keen                  35,045    22/06/07 - 22/12/07                   189,898
J A Heron               19,625    22/06/07 - 22/12/07                    96,325
P Pandya                19,625    22/06/07 - 22/12/07                    98,518
________________________________________________________________________________


Under the terms of the PPSP these awards will become exercisable provided the
Company's total shareholder return over the three year period commencing 1 April
2004 is at or above the median TSR for a comparator group of companies making up
the FTSE All Share Banks and Speciality and Other Finance Sector. The extent to
which the shares can be exercised will be dependent upon where the company is
ranked, with 25% being exercisable for median performance, rising to 100% for
performance on or above the upper quartile. 

Enquiries:

John G Gemmell, Company Secretary 
0121 712 2075


                      This information is provided by RNS
            The company news service from the London Stock Exchange