ecommerce Strategy Presentation

Paragon Group Of Companies PLC
15 March 2000



The  Paragon Group of Companies PLC will be outlining its
ecommerce  strategy  at  a meeting  of  investors  today.
Paragon has, for the last four years, been at the leading
edge   in   mortgage   and  personal   finance   internet
development, offering the ability to apply for  mortgages
and other loan facilities on line.

The   announcement  of  the  ecommerce   strategy   today
considerably  extends the Group's existing  role  on  the
internet.

The key aspects of the strategy are:

      To   complete   full  integration  of   electronic
  application processing through the Group's various  web
  sites  directly  with its operational lending  systems,
  thereby creating a genuine on-line loan application and
  processing  capability.  The Group believes  this  will
  improve  its  service to intermediaries  and  customers
  whilst reducing processing costs.

     Building  on Paragon's existing product skills  and
  distribution channels by establishing dedicated internet
  based offerings. To that end, separate press announcements 
  are being  made with regard to an  internet only  rapid
  remortgage product and a personal loan affinity  scheme
  with Chelsea Football Club which will be offered via the
  Chelsea Football Club web site.

     The  intention  to  establish  an  internet  portal
  focussed on the private rented sector, offering a  full
  range  of  services to landlords and tenants.   Paragon
  Mortgages has established itself as a leading player in
  the private rented sector lending market.