Holding(s) in Company

Paragon Group Of Companies PLC
05 November 2007



               TR-1(i): NOTIFICATION OF MAJOR INTERESTS IN SHARES
               --------------------------------------------------

1. Identity of the issuer or the underlying issuer of existing shares to which
voting rights are attached (ii):
The Paragon Group of Companies PLC
.................

2. Reason for the notification (please state Yes/No):

An acquisition or disposal of voting rights:
Yes
.................
An acquisition or disposal of financial instruments which may result in the
acquisition of shares already issued to which voting rights are attached:
No
.................

An event changing the breakdown of voting rights:
No
.................

Other (please specify) :
.................

3. Full name of person(s) subject to the notification obligation (iii):
OppenheimerFunds Inc (OFI) and Baring Asset Management Limited (Baring)
.................

4. Full name of shareholder(s) (if different from 3.) (iv):
.................

5. Date of the transaction (and date on which the threshold is crossed or
reached if different) (v):
01/11/2007
.................

6. Date on which issuer notified:
02/11/2007
.................

7. Threshold(s) that is/are crossed or reached:
6% (Baring: 0.0469% and OFI 5.9875%)
.................

8. Notified details:

A: Voting rights attached to shares

Class/type of shares if possible using  Situation previous to the Triggering
the ISIN CODE                           transaction (vi)
                                        Number of      Number of voting Rights
                                        shares         (viii)
GB0006140361                            
OFI                                     6,116,865      5.3281%
Baring                                  53,826         0.0469%

Resulting situation after the triggering transaction (vii)

Class/type of shares if      Number of   Number of voting    % of voting
possible using the ISIN      shares      rights (ix)         rights
CODE
                             Direct      Direct  Indirect    Direct   Indirect
                                         (x)     (xi)
GB0006140361                                     
OFI                          6,873,925           6,873,925            5.9875%
Baring                       53,826              53,826               0.0469%

B: Financial Instruments
Resulting situation after the triggering transaction (xii)

Type of      Expiration Exercise/      Number of voting rights that may % of
financial    Date       Conversion     be acquired if the instrument is voting
instrument   (xiii)     Period/ Date   exercised/ converted.            rights
                        (xiv)

Total (A+B)
Number of voting rights                % of voting rights
6,927,751                              6.0344%

9. Chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held, if applicable (xv):
OppenheimerFunds, Inc. owns, as of 01/11/07, 6,873,925 shares equal to 5.9875%
of the shares outstanding (114,804,242).

Baring Asset Management Limited owns, as of 01/11/07, 53,826 shares equal to
0.0469% of the shares outstanding (114,804,242).
.................

Proxy Voting:

10. Name of the proxy holder:
.................

11. Number of voting rights proxy holder will cease to hold:
.................

12. Date on which proxy holder will cease to hold voting rights:
.................

13. Additional information:
.................

14. Contact name:
John G. Gemmell
.................

15. Contact telephone number:
0121 712 2075
.................






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