Transaction in Own Shares

Paragon Group Of Companies PLC
29 June 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:                              29 June 2005

Number of ordinary shares purchased:           35,778

Highest price paid per share:                  426.5p

Lowest price paid per share:                   426p

Volume weighted average price per share:       426.2931p


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
235,778 of its ordinary shares in treasury and has 120,306,065 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