Transaction in Own Shares

Paragon Group Of Companies PLC
15 May 2006


PURCHASE OF OWN SHARES
----------------------
The Paragon Group of Companies PLC announces that it has purchased the following
number of its ordinary shares of 10p each on the London Stock Exchange via ABN
AMRO Bank N.V.

Ordinary shares:
Date of purchase:                                 15 May 2006
Number of ordinary shares purchased:              117,500
Highest price paid per share:                     675.0p
Lowest price paid per share:                      668.0p

Volume weighted average price paid per share:     670.23p

The Paragon Group of Companies PLC intends to hold the purchased shares in
treasury.

Following the purchase of these shares, The Paragon Group of Companies PLC holds
2,728,500 of its ordinary shares in treasury and has 118,358,124 ordinary shares
in issue (excluding treasury shares).

Enquiries:
John Gemmell, Company Secretary
0121 712 2075




                      This information is provided by RNS
            The company news service from the London Stock Exchange