commencedthrough UBS Ltd. an irrevocable nondiscretionary share repurchase program fromJuly 18 to Sept. 30.

Paragon Group said anyacquisitions will be effected within certain preset parameters and inaccordance with listing rules, which cap the maximum price paid for the sharesat 105% of the average middle market closing price of the group's shares forthe five dealing days before the date of purchase.

The repurchases form part ofParagon Group's share buyback program, which was in November 2015.