Director Shareholding

Paragon Group Of Companies PLC
24 June 2005


                                  SCHEDULE 11

          NOTIFICATION OF INTERESTS OF DIRECTORS AND CONNECTED PERSONS

1. Name of company

THE PARAGON GROUP OF COMPANIES PLC


2. Name of director

NIGEL TERRINGTON


3. Please state whether notification indicates that it is in respect of holding
of the shareholder named in 2 above or in respect of a non-beneficial interest
or in the case of an individual holder if it is a holding of that person's
spouse or children under the age of 18 or in respect of a non-beneficial
interest

4. Name of the registered holder(s) and, if more than one holder, the number of
shares held by each of them (if notified)

5. Please state whether notification relates to a person(s) connected with the
director named in 2 above and identify the connected person(s)

6. Please state the nature of the transaction. For PEP transactions please
indicate whether general/single co PEP and if discretionary/non discretionary

7. Number of shares / amount of stock acquired

8. Percentage of issued class

9. Number of shares/amount of stock disposed

10. Percentage of issued class

11. Class of security

12. Price per share

13. Date of transaction

14. Date company informed

15. Total holding following this notification

16. Total percentage holding of issued class following this notification


If a director has been granted options by the company please complete the
following boxes.

17. Date of grant

23 JUNE 2005


18. Period during which or date on which exercisable

01/08/2010 - 01/02/2011


19. Total amount paid (if any) for grant of the option

NIL


20. Description of shares or debentures involved: class, number

5,057 ORDINARY SHARES OF 10P


21. Exercise price (if fixed at time of grant) or indication that price is to be
fixed at time of exercise

£3.2676


22. Total number of shares or debentures over which options held following this
notification

1,632,975


23. Any additional information

GRANT UNDER THE PARAGON 1999 SHARESAVE SCHEME


24. Name of contact and telephone number for queries

JOHN G. GEMMELL
0121 712 2075


25. Name and signature of authorised company official responsible for making
this notification

JOHN G. GEMMELL

Date of Notification

24 JUNE 2005

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