Holding in Company

Paragon Group Of Companies PLC
2 November 2000

Letter to Company Announcements Office

We have today received notification from Schroder Investment Management Limited,
to advise they now hold 21,912,338 ordinary shares of 10p each in The
Paragon Group of Companies PLC.  The holding represents 18.834% of our issued
capital.

Letter from  John G Gemmell
             Paragon Group of Companies PLC