Holding(s) in Company

Paragon Group Of Companies PLC
19 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):

Schroders plc
.................

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):


17/09/2007
.................

6. Date on which issuer notified:


18/09/2007
.................


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


5%
.................

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                         N/A            N/A
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     6,739,151   N/A      5.870%
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


6,739,151                              5.870%



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


Schroder Investment Management Limited  6,016,910  5.24%
Schroder Investment Management North America Limited  704,466  0.61%
Schroder Investment Management (Japan) Limited  17,775  0.015%
.................

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:


The shares referred to in section 9 are held in portfolios managed by those
firms on a discretionary basis for clients under investment management
agreements.
.................

14. Contact name:


John G. Gemmell
.................

15. Contact telephone number:


0121 712 2075
.................



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