Transaction in Own Shares

Paragon Group Of Companies PLC
1 December 2004


                                  SHARE PURCHASE


On 30 November 2004 the Paragon Employee Share Ownership Trust ('ESOT')
purchased 791,791 ordinary shares of 10p each in The Paragon Group of Companies
PLC (the 'company') at 3.483785p per share.


These shares were purchased to meet options and awards as they mature and are
exercised under the Paragon Executive Share Option Scheme and Performance Share
Plan which includes the potential exercise by certain executive directors and
other employees of the Company.


Following this purchase the total held by the ESOT is 6,239,021.


Enquiries:

John Gemmell, Company Secretary
0121 712 2075




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