Holding(s) in Company

For filings with the FSA include the annex

For filings with issuer exclude the annex 

TR-1: Notifications of Major Interests in Shares

1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached:

The Paragon Group of Companies PLC

2. Reason for notification (yes/no)

An acquisition or disposal of voting rights

Yes

An acquisition or disposal of financial instruments which may result in the acquisition of shares already issued to which voting rights are attached 

An event changing the breakdown of voting rights

Other (please specify):______________

3. Full name of person(s) subject to notification obligation:

Legal & General Group Plc (L&G)

4. Full name of shareholder(s) (if different from 3):

Legal & General Assurance (Pensions Management ) Limited (PMC)

5. Date of transaction (and date on which the threshold is crossed or reached if different):

03 March 2009

6. Date on which issuer notified:

04 March 2009

7. Threshold(s) that is/are crossed or reached:

From 5% - 4% (L&G)

8: Notified Details

A: Voting rights attached to shares

Class/type of shares

If possible use ISIN code

Situation previous to the triggering transaction

Resulting situation after the triggering transaction

Number of shares

Number of voting rights

Number of shares

Number of voting rights

Percentage of voting rights

Direct

Indirect

Direct

Indirect

£1.00 Ordinary

GB00B2NGPM57

15,219,199

15,219,199

14,444,957

14,444,957

4.83%

B: Financial Instruments

Resulting situation after the triggering transaction

Type of financial instrument

Expiration date

Exercise/ conversion period/date 

No. of voting rights that may be acquired (if the instrument exercised/converted)

Percentage of voting rights

Total (A+B)

Number of voting rights

Percentage of voting rights

14,444,957

4.83%

9. Chain of controlled undertakings through which the voting rights and /or the financial instruments are effectively held, if applicable:

Legal & General Group Plc (Direct and Indirect) (Group) 

(18,150,765 - 6.08% = Total Position)

Legal & General Investment Management (Holdings) Limited

(LGIMH) (Direct and Indirect) (18,150,765 - 6.08% = Total Position)

Legal & General Investment Management Limited (Indirect) (LGIM)

(18,150,765 - 6.08% = Total Position)

Legal & General Group Plc (Direct) (L&G) 

(14,444,957 - 4.83% = LGAS, LGPL & PMC)

Legal & General Investment Management  Legal & General Insurance Holdings Limited

(Holdings) Limited (Direct) (LGIMHD)  (Direct) (LGIH)

(9,171,256 - 3.07% = PMC)

Legal & General Assurance (Pensions Management) Legal & General Assurance Society Limited

Limited (PMC) (9,171,256 - 3.07% = PMC) (LGAS & LGPL)

Legal & General Pensions Limited (Direct)

(LGPL)

Proxy Voting:

10. Name of proxy holder:

N/A

11. Number of voting rights proxy holder will cease to hold:

N/A

12. Date on which proxy holder will cease to hold voting rights:

N/A

13. Additional information:

Notification using the total voting 

rights figure of 298,490,705

14 Contact name:

John G. Gemmell

15. Contact telephone number:

0121 712 2075