RNS Number:5371L
Paragon Group Of Companies PLC
26 May 2003

THE PARAGON GROUP OF COMPANIES PLC ("Paragon")

In response to recent press speculation, Paragon confirms that it is in talks
with Britannic Group PLC in respect of the potential acquisition of its wholly
owned subsidiary Britannic Money, a UK lender specialising in buy-to-let and
flexible mortgages.

Should these talks progress to a successful conclusion, Paragon would expect to
finance the acquisition from a combination of new debt facilities and existing
cash resources.

A further announcement will be made as and when appropriate.



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