Holding(s) in Company

RNS Number : 8512L

Paragon Group Of Companies PLC

19 January 2009

TR-1: notification of major interests in shares

1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached:	The Paragon Group of Companies PLC GB00B2NGPM57
2. Reason for the notification (please tick the appropriate box or boxes)
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): Commerzbank AG is now the ultimate holding company of the company named in box 4 below, and is therefore the party subject to the notification obligation, following the purchase of Dresdner Bank AG from Allianz SE.		X
3. Full name of person(s) subject to the notification obligation:	Commerzbank AG
4. Full name of shareholder(s) (if different from 3.):	Veer Palthe Voute NV
5. Date of the transaction (and date on which the threshold is crossed or reached if different):	12 January 2009
6. Date on which issuer notified:	15 January 2009
7. Threshold(s) that is/are crossed or reached:	7%
8. Notified details:

A: Voting rights attached to shares
Class/type of shares if possible using the ISIN CODE	Situation previous to the Triggering transaction		Resulting situation after the triggering transaction
	Number of Shares	Number of Voting Rights viii	Number of shares	Number of voting rights ix		% of voting rights
			Direct	Direct x	Indirect xi	Direct	Indirect
GB00B2NGPM57	26,519,205	26,519,205	21,856,148		21,856,148		7.332%

B: Financial Instruments
Resulting situation after the triggering transaction xii
Type of financial instrument	Expiration date xiii	Exercise/ Conversion Period/ Date xiv	Number of voting rights that may be acquired if the instrument is exercised/ converted.	% of voting rights

Total (A+B)

Number of voting rights

% of voting rights

21, 856,148

7.332%

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

Veer Palthe Voute NV ('VPV') is a subsidiary of Dresdner Bank Luxembourg S.A. ('DB Lux'), which is a subsidiary of DreCo Erste Beteiligungs GmbH, which is in turn a subsidiary of Dresdner Bank AG ('Dresdner').

Dresdner Bank AG is a wholly owned subsidiary of Commerzbank AG.

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: