Holding in Company

Paragon Group Of Companies PLC
30 August 2000


LETTER TO: COMPANY ANNOUNCEMENTS OFFICE

We have today received notification from Scudder Threadneedle Investment
Limited, to advise that they now hold 3,641,910 ordinary shares of 10p each in
The Paragon Group of Companies PLC.  The holding represents 3.130% of our issued
capital.

LETTER FROM: THE PARAGON GROUP OF COMPANIES PLC