The following amendment has been made to the 'Director/PDMR Shareholding' announcement released on 11 June 2015 at 16:46 under RNS No 9664P.

The Period Exercisable dates have been amended from:

Savings Term                       Period Exercisable

3 years                                    01/08/15 - 01/02/18

5 years                                    01/08/15 - 01/02/20

To the correct Period Exercisable dates of:

Savings Term                       Period Exercisable

3 years                                    01/08/18 - 01/02/19

5 years                                    01/08/20 - 01/02/21

All other details remain unchanged.  The full amended text is shown below.

11 June 2015

The Paragon Group of Companies PLC

(the "Company")

Grant of Options under The Paragon UK Sharesave Plan 2009

(the "Sharesave Plan")

In accordance with the requirements of DTR 3.1.4 R (1)(a), the Company announces that the Executive Directors detailed in the table below have today been granted an option to purchase ordinary shares of £1.00 each in the capital of the Company pursuant to the Sharesave Plan at an exercise price of £3.4568 per share.

The Sharesave Plan is a tax advantaged share option plan available to all of the Company's employees, subject to qualifying conditions. 

* The options are, in normal circumstances, not exercisable until the completion of the savings term. 

The Company was informed of the above transactions on 11 June 2015.

For further information please contact:

Pandora Sharp

Company Secretary

Tel: 0121 712 2075