Holding(s) in Company

Paragon Group Of Companies PLC
15 January 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:
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):
Standard Life Investments Limited
.................

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

5. Date of the transaction (and date on which the threshold is crossed or
reached if different) (v):
11 January 2008
.................

6. Date on which issuer notified:
14 January 2008
.................

7. Threshold(s) that is/are crossed or reached:
9%
.................

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)
Ordinary Shares                         10,250,544     10,250,544
GB0006140361

Resulting situation after the triggering transaction (vii)

Class/type of shares if Number of    Number of voting rights % of voting
possible using the ISIN shares       (ix)                    rights
CODE
                                     Direct (x)  Indirect    Direct   Indirect
                                                 (xi)
Ordinary
Shares                  10,384,648   5,490,586   4,894,062   4.783%   4.263%
GB0006140361

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
10,384,648                              9.046%

9. Chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held, if applicable (xv):
Standard Life Investments Limited
.................

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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