Directorate Change

Paragon Group Of Companies PLC
13 October 2006


                     

                      RETIREMENT OF NON-EXECUTIVE DIRECTOR
                      -------------------------------------

The Paragon Group of Companies PLC announces that Gavin Lickley, a non-executive
director of the Company since October 2002, has retired from the Board of
Directors.

The Directors would like to record their thanks and appreciation to Mr Lickley
for his service and commitment during the years of his association with the
Company.



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