RNS Number:7212Q
Paramount PLC
09 October 2003


                         Paramount PLC (the 'Company')

                            Substantial Shareholding


The Company was informed on 8 October 2003 that the Rothschild Trust New Zealand
Limited had disposed of 500,000 Ordinary Shares of 5p each.

As a consequence of this transaction, the Rothschild Trust New Zealand Limited
has a total holding of 5,125,003 Ordinary Shares representing 6.32% of the
issued ordinary share capital of the Company.

9 October 2003


                      This information is provided by RNS
            The company news service from the London Stock Exchange

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