Holding in Company

Paragon Group Of Companies PLC
13 March 2001


LETTER TO: COMPANY ANNOUNCEMENTS OFFICE
LETTER DATED: 12 MARCH 2001


We have today received notification from Schroder Investment Management Limited,
to advise they and their affiliates now hold 15,837,964 ordinary shares of 10p
each in The Paragon Group of Companies PLC. The holding represents 13.590% of
our issued capital.


LETTER FROM: THE PARAGON GROUP OF COMPANIES PLC