Directorate Change

Paragon Group Of Companies PLC
29 September 2004


                      APPOINTMENT OF NON-EXECUTIVE DIRECTOR


The Directors of The Paragon Group of Companies PLC are pleased to announce the
appointment of Bob Dench as a non-executive director with immediate effect.


Mr Dench previously held various senior positions with Barclays where, following
a number of overseas appointments, he returned to the UK and served on the
boards of Barclays' Retail Financial Services and Private Client businesses.


Mr Dench played a leading role in Barclays' acquisition of The Woolwich and in
recent years was Managing Director of Barclays' General Insurance, Life and
Mortgage businesses before leaving the organisation at the end of 2003.


Mr Dench is also a non-executive director of AXA UK plc and of Clipper Ventures
plc.


Enquiries:

John Gemmell
0121 712 2075




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