Holding(s) in Company

Paragon Group Of Companies PLC
16 December 2003


Letter to RNS

                              HOLDING IN COMPANY

We have today received notification from HBOS plc to advise that the HBOS Group
have an aggregate material holding of 5,219,287 ordinary shares of 10p each in 
The Paragon Group of Companies PLC.  The holding represents 4.376% of our issued
share capital.

The aggregate material/non-material holding of HBOS Group is disclosed as 5.746%.

Enquiries:

John Gemmell
0121 712 2075


Letter from Paragon Group of Companies PLC



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