RNS Number:4729Q
Paramount PLC
02 October 2003

                         Paramount PLC (the 'Company')

                             Director Shareholding

The Company was informed that on 1 October 2003, Starlight Investments Ltd., had
acquired 100,000 Ordinary Shares of 5p each at a price of 15 pence per share.

Guy Naggar, Chairman of the Company, is a director and major shareholder in
Starlight Investments Ltd. As a consequence of this transaction, Guy Naggar has
a beneficial interest in 2,571,362 Ordinary Shares representing 3.17% of the
issued ordinary share capital.

2 October 2003



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