Holding(s) in Company

Paragon Group Of Companies PLC
24 May 2005



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

We have today received notification from Schroder Investment Management Limited
to advise that they no longer have a notifiable interest of over 10% of the
ordinary shares of 10p each in The Paragon Group of Companies PLC.

Enquiries:

John Gemmell, Company Secretary
0121 712 2075



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