Directorate Change

The Paragon Group of Companies PLC

Directorship Change

The Paragon Group of Companies PLC announces with regret the decision of Terry Eccles to resign from the Board of Directors on 31 March 2012, owing to health reasons.

Terry Eccles was appointed to the Board in February 2007 and served as Chairman of the Remuneration Committee until February 2009 and as Senior Independent Director from February 2009 until July 2011.

Bob Dench, Chairman of the Company said "Terry's experience and wisdom have been invaluable and his presence on the Board will be sadly missed. On behalf of the Board, I thank Terry for his enormous contribution over the past five years and wish him well for the future."

Enquiries:

John Gemmell, Company Secretary

0121 712 2075