Director/PDMR Shareholding

Paragon Group Of Companies PLC
25 May 2006


                             DIRECTOR SHAREHOLDING
                             ---------------------

On 25 May 2006 The Paragon Group of Companies PLC granted the following awards
under the Paragon Performance Share Plan ('PPSP'):

Director         Award granted   Exercise period          Total awards 
                                                          outstanding

N S Terrington   19,352          25/05/09 - 25/11/09      414,778

N Keen           14,506          25/05/09 - 25/11/09      307,631

J A Heron        8,186           25/05/09 - 25/11/09      160,661

P Pandya         8,186           25/05/09 - 25/11/09      128,643

Under the terms of the PPSP one half of each new award will be subject to a
total shareholder return ('TSR') performance condition and the other half to an
earnings per share ('EPS') performance condition. In respect of both of these
conditions the Company's performance will be compared to that of a group of
companies drawn from the Banks and Speciality and Other Finance sectors. For the
EPS measure, performance will be measured over the single three year period
commencing 1 October 2005. For the TSR measure, performance will be measured
over the single three year period commencing 1 April 2006. For both performance
measures 35% of the award will vest for median performance, rising to 100% for
performance on or above the upper quartile.

Enquiries:

John G Gemmell, Company Secretary
0121 712 2075




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