Paragon Group Regulatory News (PAG)

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Nigel Stewart Terrington

2

Reason for the notification

a)

Position/status

Chief Executive Officer (PDMR)

b)

Initial notification/ Amendment

 Initial notification

3

Details of the issuer

a)

Name

Paragon Banking Group PLC

b)

LEI code

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

Transaction 1

a)

Description of the financial instrument, type of instrument Identification code

Identification code

Ordinary shares of £1.00 each in Paragon Banking Group PLC

GB00B2NGPM57

b)

Nature of the transaction

Exercise of 55,302 nil-cost options granted under the Paragon Deferred Share Bonus Plan ("PDSBP")

c)

Price(s) and volume(s)

d)

Aggregated information- Aggregated volume- Price

N/A

e)

Date of the transaction

23 August 2023

f)

Place of the transaction

Outside a trading venue

Transaction 2

a)

Description of the financial instrument, type of instrument Identification code

Identification code

Ordinary shares of £1.00 each in Paragon Banking Group PLC

GB00B2NGPM57

b)

Nature of the transaction

Sale of 26,045 shares to cover tax withholding obligations and dealing costs arising from the aforementioned exercise of an option under the PDSBP.

c)

Price(s) and volume(s)

d)

Aggregated information- Aggregated volume- Price

N/A

e)

Date of the transaction

23 August 2023

f)

Place of the transaction

London Stock Exchange - Main Market (XLON)

Transaction 3

a)

Description of the financial instrument, type of instrument Identification code

Identification code

Ordinary shares of £1.00 each in Paragon Banking Group PLC

GB00B2NGPM57

b)

Nature of the transaction

Retention of 29,257 shares arising from the aforementioned exercise of an option under the PDSBP.

c)

Price(s) and volume(s)

d)

Aggregated information- Aggregated volume- Price

N/A

e)

Date of the transaction

23 August 2023

f)

Place of the transaction

Outside a trading venue