Offer for Paragon Protected Growth Unconditional

Property & Capital Group PLC
11 February 2000


Property & Capital Group Plc

Offer for Paragon Protected Growth Plc

As at 1.00pm today, the Offer by Property & Capital Group PLC for the entire
issued share capital of Paragon Protected Growth PLC had reached an acceptance
level of 97.92% and this Offer has been declared unconditional in all
respects.