Holding(s) in Company

Paragon Group Of Companies PLC
25 February 2008



                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:

.................
An acquisition or disposal of financial instruments which may result in the
acquisition of shares already issued to which voting rights are attached:
.................

An event changing the breakdown of voting rights:
.................

Other (please specify) :

Yes
.................

3. Full name of person(s) subject to the notification obligation (iii):

OppenheimerFunds Inc (OFI)
.................

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):
21 February 2008
.................

6. Date on which issuer notified:
22 February 2008
.................

7. Threshold(s) that is/are crossed or reached:
6% (fell below an integer above 3%)
.................

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                                     9,234,630      8.0438%
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)
GB00NB2NGPM57              
OFI                        16,766,611           16,766,611            5.62%
Baring                     0                    0                     0%

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

16,766,611                             5.62%

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 21/02/08, 16,766,611 shares equal to 5.62%
shares outstanding (298,490,705).
.................

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
.................






                      This information is provided by RNS
            The company news service from the London Stock Exchange