Transaction in Own Shares

Paragon Group Of Companies PLC
31 March 2006



                       The Paragon Group of Companies PLC

                                        
                     Close Period Share Repurchase Programme
                     ---------------------------------------

On 25 May 2005, The Paragon Group of Companies PLC ('the Company' or 'Paragon') 
announced its intention to return up to £20 million to its shareholders through 
a share repurchase programme.  This programme commenced on 3 June 2005 and to 
date the Company has bought back 2,219,000 of its shares into treasury at a 
total cost of £11.5 million.

Paragon intends to enter into an irrevocable non-discretionary arrangement to
enable the repurchase of its own shares into treasury during its close period,
which commences on 31 March 2006 and ends with the publication of its 
preliminary results on 23 May 2006.  Any acquisitions will be effected within 
certain pre-set parameters, and in accordance with both the Company's general 
authority to repurchase shares and the Listing Rules.

For further information:

The Paragon Group of Companies PLC
John G Gemmell, Group Company Secretary
0121 712 2075




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