Notification concerning transactions by persons performing managerial
responsibilities pursuant to section 15a of the WpHG

Directors' Dealings notification transmitted by DGAP - a company of EQS Group
AG. 
The person with duty of notification is solely responsible for the content
of this announcement.
---------------------------------------------------------------------------

Details of the person subject to the disclosure requirement
Last name: Schwehr
First name: Stefan
Company: paragon AG

Position: Member of a managing body

Information about the transaction with duty of notification

Description of the financial instrument: paragon Bearer Shares
ISIN/WKN of the financial instrument: DE0005558696
Type of transaction: buy
Date: 18.07.2014
Price: 13.75
Currency: EUR
No. of items: 408
Total amount traded: 5610
Place: Xetra

Information about the company with duty of publication

Issuer: paragon AG
Schwalbenweg 29
33129 Delbrück
Deutschland
ISIN: DE0005558696
WKN: 555869


End of Directors' Dealings Notification 
(c) DGAP 18.07.2014

DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

ID 19159