Holding(s) in Company

Paragon Group Of Companies PLC
8 January 2004


                               HOLDING IN COMPANY
                               ------------------

We have today received notification from Threadneedle Asset Management Limited
to advise that Zurich Financial Services and its Group no longer have a
notifiable interest in the capital of The Paragon Group of Companies PLC.


Enquiries:

John Gemmell, Company Secretary 
0121 712 2075



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