Directorate Change

Paragon Group Of Companies PLC
08 November 2006



                     APPOINTMENT OF NON-EXECUTIVE DIRECTOR
                     -------------------------------------

The directors of The Paragon Group of Companies PLC are pleased to announce that
Terry Eccles, currently Vice Chairman of JPMorgan Cazenove, has agreed to join
the Board of Directors on 1 February 2007.

Terry Eccles was appointed Vice Chairman of JPMorgan Cazenove when the company
was created in 2005. Since joining the JPMorgan Group in 1970 he has held a wide
range of roles in London, New York and Hong Kong. Since 1986 he has been
involved with the development of the firm's financial institutions business,
becoming its head and then chairman. He has advised on many of the more
significant transactions in the financial services industry.



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