RNS Number:1165N
Paragon Group Of Companies PLC
3 July 2003

                                   DIRECTOR SHAREHOLDING

On 2 July 2003 The Paragon Group of Companies PLC ("the Company") granted the
following awards of 10p ordinary shares under the Paragon Performance Share Plan
("PPSP"):

Director                        Award granted            Date exercisable

N S Terrington                     63,684                02/07/06 - 02/01/07 

N Keen                             46,316                02/07/06 - 02/01/07 

J P L Perry                        40,790                02/07/06 - 02/01/07

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 7122075



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