Director Shareholding

Paragon Group Of Companies PLC
2 February 2005


                               SHARE PURCHASE


On 1 February 2005 the Paragon Employee Share Ownership Trust ('ESOT') purchased
10,000 ordinary shares of 10p each in The Paragon Group of Companies PLC (the
'Company') at 431.5p per share.


These shares were purchased to meet options and awards as they mature and are
exercised under the Paragon Executive Share Option Scheme, Deferred Bonus Scheme
and Performance Share Plan which include the potential exercise by certain
executive directors and other employees of the Company.


Following this purchase the total held by the ESOT is 5,979,552. 

Enquiries: 

John Gemmell, Company Secretary 
0121 712 2075





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