Notification concerning transactions by persons performing managerial responsibilities pursuant to section 15a of the WpHG
Directors' Dealings notification transmitted by DGAP - a company of EquityStory 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: B├Ârnemeier
First name: Hermann-Josef
Company: paragon AG

Position: Member of an administrative or supervisory body
Information about the transaction with duty of notification
Description of the financial instrument: Share
ISIN/WKN of the financial instrument: DE0005558696 Type of transaction: Buy
Date: 21.05.2012
Price: 8.59
Currency: EUR
No. of items: 1000.00
Total amount traded: 8590.00
Place: Xetra

Information about the company with duty of publication
Issuer: paragon AG
Schwalbenweg 29
33129 Delbr├╝ck
ISIN: DE0005558696
WKN: 555869

End of Directors' Dealings Notification 
(c) DGAP 21.05.2012

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