RNS Number:7742I
Paragon Group Of Companies PLC
14 March 2003





On 13 March 2003 the Paragon Group of Companies PLC ("the Company") granted the
following options over 10p ordinary shares to certain directors of the Company
under the Executive Share Option Plan:

Director                  Options granted        Exercise Price           Exercise period       Total options now held
J P L Perry                   122,368                #1.865             13/03/06 - 13/03/13            1,498,744
N S Terrington                191,053                #1.865             13/03/06 - 13/03/13            1,590,040
N Keen                        138,947                #1.865             13/03/06 - 13/03/13            1,406,977




Furthermore, the following awards were granted under the Paragon Performance
Share Plan ("PPSP"):

Director                                            Award granted                          Date exercisable
N S Terrington                                          95,526                            13/03/06 - 13/09/06
N Keen                                                  69,474                            13/03/06 - 13/09/06
J P L Perry                                             61,184                            13/03/06 - 13/09/06




Under the terms of the PPSP these awards will become exercisable provided the
Company's total shareholder return over the three year period commencing with
the date of grant is at or above the median TSR for a comparator group of those
companies making up the FTSE All Share Banks and Speciality and Other Finance
Sector. The extent to which the shares can be exercised will be dependent upon
where the company is ranked, with 25% being exercisable for median performance,
rising to 100% for performance on or above the upper quartile.

Enquiries:

John Gemmell, Company Secretary

0121 712 2075









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