Director Shareholding

Paragon Group Of Companies PLC
7 December 2004

                              SHARE PURCHASE

The Paragon Employee Share Ownership Trust ('ESOT') purchased 28,127 ordinary
shares of 10p each in The Paragon Group of Companies PLC (the 'Company') on the
dates and at the prices given below.

Date                  Shares Purchased         Price

1 December 2004       1,727                   350p

2 December 2004       1,400                   357p 

6 December 2004       25,000                  388.92p

These shares were purchased to meet options and awards as they mature and are
exercised under the Paragon Executive Share Option Scheme and Performance Share
Plan which include the potential exercise by certain executive directors and
other employees of the Company.

Following this purchase the total held by the ESOT is 6,249,148. 


Enquiries:

John Gemmell, Company Secretary
0121 712 2075


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