Notice of AGM

Paragon Group Of Companies PLC
7 December 2001


The Paragon Group of Companies PLC announces that it intends to propose at it 
Annual General Meeting on 31 January 2002 a special resolution seeking authority
from shareholders for the Company to purchase its own shares.  This authority 
would allow the Company to purchase up to 11.7 million Ordinary Shares in the 
market, representing approximately 10% of the Company's issued share capital.  
Shares would be acquired at a price not exceeding 105% of the average middle 
market quotation for an Ordinary Share derived from the London Stock Exchange 
Official List for the five business days immediately prior to the date of 
purchase.

It is now standard practice for companies to seek authority to buy back shares. 
The directors would not expect to utilise the authority unless, in the light of 
market conditions prevailing at the time, they consider that to do so would 
enhance earnings per share and would be in the best interests of shareholders 
generally.  The directors have no current intention of using this authority.

Notice convening the meeting is expected to be posted to shareholders with the 
Company's annual report.