Holding(s) in Company

Paragon Group Of Companies PLC
16 May 2005


                               HOLDING IN COMPANY
                               ------------------

We have today received notification from Columbia Wanger Asset Management L.P.
to advise that they now hold 5,230,000 ordinary shares of 10p each in The
Paragon Group of Companies PLC. The holding represents 4.347% of our issued
capital.

Enquiries:

John Gemmell, Company Secretary
0121 712 2075



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