Director/PDMR Shareholding

Paragon Group Of Companies PLC
22 March 2006

                                                                   22 March 2006


                              DIRECTOR SHAREHOLDING

On 22 March 2006 The Paragon Group of Companies PLC granted the following awards
under the Paragon Matching Share Plan ('PMSP');

Director                  Award granted               Total awards outstanding

N S Terrington                32,086                          32,086

N Keen                        24,052                          24,052

J A Heron                     16,966                          16,966

P Pandya                      16,966                          16,966

Under the terms of the PMSP 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 the
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 January 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.

Awards are exercisable for six months from the date on which the Remuneration
Committee determines the extent to which the performance conditions have been
satisfied.

Enquiries:

John Gemmell, Company Secretary 
0121 712 2075



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