Holding in Company

Paragon Group Of Companies PLC
10 December 2001

                  DEALINGS BY SUBSTANTIAL SHAREHOLDERS


1)   NAME OF COMPANY

PARAGON GROUP OF COMPANIES PLC


2)   NAME OF SHAREHOLDER HAVING A MAJOR INTEREST

PRUDENTIAL PLC GROUP OF COMPANIES


3)   Please state whether notification indicates that it is in respect of 
     holding of the Shareholder named in 2 above or in respect of a 
     non-beneficial interest or in the case of an individual holder if it is a
     holding of that person's spouse or children under the age of 18

2 ABOVE


4)   Name of the registered holder(s) and, if more than one holder, the 
     number of shares held by each of them.

PRUCLT HSBC GIS NOM (UK) PAC AC 5,060,000
PRUCLT HSBC GIS NOM (UK) PPL AC    25,000



5)   Number of shares/amount of stock acquired.



6)   ( N/A %) of issued Class

7)   Number of shares/amount of stock disposed



8)   ( N/A %) of issued Class

9)   Class of security

ORDINARY SHARES OF 10P


10)  Date of transaction



11)  Date company informed

7 DECEMBER 2001 


12)  Total holding following this notification

5,085,000

               
13)  Total percentage holding of issued class following this notification

4.33%


14)  Any additional information

M & G GROUP LTD
M&G INVESTMENT MANAGEMENT LTD
M&G LTD 
NO LONGER HAVE A NOTIFIABLE INTEREST

15)  Name of contact and telephone number for queries

JOHN  GEMMELL
0121  712  2075


16)  Name and signature of authorised company official responsible for 
     making this notification

     Date of Notification ...10 DECEMBER 2001.....................