Director/PDMR Shareholding

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

John Andrew Heron

2

Reason for the notification

a)

Position/status

Managing Director - Mortgages (PDMR)

b)

Initial notification /Amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Paragon Banking Group PLC

b)

LEI

213800S1TDKIB1IUTS72

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

Identification code

Ordinary Shares of £1.00 each in Paragon Banking Group PLC

GB00B2NGPM57

b)

Nature of the transaction

Exercise of 7,216 options under The Paragon UK Sharesave Plan 2009.

Following this exercise, John Heron is interested in 274,723 Ordinary Shares of £1.00 each in Paragon Banking Group PLC.

c)

Price(s) and volume(s)

d)

Aggregated information

- Aggregated volume

- Price

N/A - single transaction

e)

Date of the transaction

2019-08-05

f)

Place of the transaction

Outside a trading venue