Holding(s) in Company

Paragon Group Of Companies PLC
19 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):


Allianz SE
.................

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


Veer Palthe Voute NV
.................

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


15 November 2007
.................

6. Date on which issuer notified:


16 November 2007
.................

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


10%
.................

8. Notified details:

A: Voting rights attached to shares

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


GB0006140361                            6,365,722      6,365,722

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                                    11,515,037            10.03%

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


11,515,037                             10.03%

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


Allianz SE is the ultimate holding company of Veer Palthe Voute NV ('VPV'). VPV
is a direct subsidiary of Dresdner Bank Luxembourg S.A. ('DB Lux'), a direct
subsidiary of Dresdner Bank AG ('Dresdner'). Dresdner is a direct subsidiary of
Allianz Finanzbeteiligungs GmbH ('Allianz Finanz'), which is itself a direct
subsidiary of Allianz SE.
.................

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:

The disclosed holding is based on the issuers' 'Voting Rights and Capital'
announcement dated 1 October 2007. VPV are interested in 11,333,385 shares
representing 9.87% of the total voting rights of Paragon Group of Companies PLC.
.................

14. Contact name:

John G. Gemmell
.................

15. Contact telephone number:

0121 712 2075
.................



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