Holding(s) in Company

Paragon Group Of Companies PLC
07 November 2007




             TR-1(i): NOTIFICATION OF MAJOR INTERESTS IN SHARES


1. Identity of the issuer or the underlying issuer of existing shares to which
voting rights are attached (ii):

The Paragon Group of Companies PLC


2. Reason for the notification (please state Yes/No):

An acquisition or disposal of voting rights:


Yes


An acquisition or disposal of financial instruments which may result in the
acquisition of shares already issued to which voting rights are attached:

No


An event changing the breakdown of voting rights:

No


Other (please specify) :



3. Full name of person(s) subject to the notification obligation (iii):

OppenheimerFunds Inc (OFI) and Baring Asset Management Limited (Baring)



4. Full name of shareholder(s) (if different from 3.) (iv):





5. Date of the transaction (and date on which the threshold is crossed or
reached if different) (v):

05 November 2007



6. Date on which issuer notified:

06 November 2007



7. Threshold(s) that is/are crossed or reached:

7% (OFI independently crossed the 7% threshold, 7.3366%. Baring continues to
hold 0.0469%. In aggregate, total ownership is 7.3834%).



8. Notified details:

A: Voting rights attached to shares

Class/type of shares if possible        Situation previous to the Triggering
using the ISIN CODE                     transaction (vi)

                                        Number of      Number of voting Rights
                                        shares         (viii)

GB0006140361                               
OFI                                     7,671,442      6.6822%

Baring                                  53,826         0.0469%





Resulting situation after the triggering transaction (vii)

Class/type of shares if      Number of   Number of voting    % of voting
possible using the ISIN      shares      rights (ix)         rights
CODE
                             Direct      Direct  Indirect    Direct   Indirect
                                         (x)     (xi)
GB0006140361                 
OFI                          8,422,679           8,422,679            7.3366%

Baring                       53,826              53,826               0.0469%






B: Financial Instruments

Resulting situation after the triggering transaction (xii)

Type of      Expiration Exercise/      Number of voting rights that may % of
financial    Date       Conversion     be acquired if the instrument is voting
instrument   (xiii)     Period/ Date   exercised/ converted.            rights
                        (xiv)






Total (A+B)

Number of voting rights                % of voting rights

8,476,505                              7.3834%





9. Chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held, if applicable (xv):

OppenheimerFunds, Inc. owns, as of 11/5/07, 8,422,679 shares equal to 7.3366% of
the shares outstanding (114,804,242).

Baring Asset Management Limited owns, as of 11/5/07, 53,826 shares equal to
0.0469% of the shares outstanding (114,804,242).




Proxy Voting:


10. Name of the proxy holder:
.................



11. Number of voting rights proxy holder will cease to hold:
.................



12. Date on which proxy holder will cease to hold voting rights:
.................



13. Additional information:
.................



14. Contact name:

John G. Gemmell


15. Contact telephone number:

0121 712 2075




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