Director Shareholding

Paragon Group Of Companies PLC
14 February 2005


                              DIRECTOR SHAREHOLDING


On 11 February 2005 the trustee of The Paragon Group of Companies PLC employee
share ownership trust ('the Trustee') granted the following award of Ordinary
Shares of 10p to certain directors of the Company, for nil consideration or
payment, under the Company's Deferred Annual Bonus Scheme in respect of the
bonuses for the year ended 30 September 2004.

Director              Award granted     Transfer date
 
J P L Perry           14,113            1 October 2007 
N S Terrington        52,694            1 October 2007 
N Keen                39,490            1 October 2007 
J A Heron             20,528            1 October 2007 
P Pandya              20,528            1 October 2007


Under the terms of the scheme the Trustee will procure that the shares are
transferred to the scheme participants as soon as reasonably practicable after
the transfer date reported above, subject to a participant continuing to hold
office or employment with The Paragon Group of Companies PLC and to the
provisions of the Model Code.


Enquiries:

John G Gemmell, Group Company Secretary 
0121 712 2075




                      This information is provided by RNS
            The company news service from the London Stock Exchange