Holding(s) in Company

Paragon Group Of Companies PLC
18 September 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):
Newton Investment Management Limited
.................

4. Full name of shareholder(s) (if different from 3.) (iv):
Newton Investment Management Limited
.................

5. Date of the transaction (and date on which the threshold is crossed or
reached if different) (v):
17/09/2007
.................

6. Date on which issuer notified:
18/09/2007
.................

7. Threshold(s) that is/are crossed or reached:
Decrease from 7.69% to 6.85%
.................

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                         8,827,266      7.69%
GB0006140361

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)
Ordinary
Shares                        N/A        N/A     7,866,701   N/A      6.85%
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

7,866,701                              6.85%

9. Chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held, if applicable (xv):
Newton Investment Management Limited holds these shares as discretionary
Investment Manager.
.................

Proxy Voting:

10. Name of the proxy holder:
N/A
.................

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

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

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

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

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






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