Holding(s) in Company

Paragon Group Of Companies PLC
23 February 2004



Letter to RNS

                              HOLDING IN COMPANY

We have today received notification from Schroder Investment Management Limited
to advise that they, and their affiliated companies, now hold 16,600,322 
ordinary shares of 10p each in The Paragon Group of Companies PLC.  The holding
represents 13.91% of our issued capital.

Enquiries:

John Gemmell, Company Secretary
0121 712 2075



Letter from Paragon Group of Companies PLC



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