Holding in Company

Paragon Group Of Companies PLC
21 December 2001



Letter to: Company Announcements Office

We have today received notification from Schroder Investment Management Limited,
to advise that they have an interest in 15,442,043 ordinary shares of 10p each 
in The Paragon Group of Companies PLC.  The holding represents 13.136% of our 
issued capital.



Letter from:  Paragon Group of Companies PLC