Purchase of Own Shares

Paragon Group Of Companies PLC
01 July 2005





                             PURCHASE OF OWN SHARES
                             ----------------------

The Paragon Group of Companies PLC announces that it has purchased the following
number of its ordinary shares of 10p each on the London Stock Exchange via UBS
Investment Bank.

Ordinary shares:

Date of purchase:                             1 July 2005

Number of ordinary shares purchased:          109,891

Highest price paid per share:                 429.5p

Lowest price paid per share:                  428p

Volume weighted average price per share:      429.2476p

The Paragon Group of Companies PLC intends to hold the purchased shares in
treasury.

Following the purchase of these shares, The Paragon Group of Companies PLC holds
350,000 of its ordinary shares in treasury and has 120,191,843 ordinary shares
in issue (excluding treasury shares).

Enquiries:

John Gemmell, Company Secretary
0121 712 2075




                      This information is provided by RNS
            The company news service from the London Stock Exchange