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Paladin Resources (PLR)

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Tuesday 05 September, 2000

Paladin Resources

Holding in Company

Paladin Resources PLC
5 September 2000



                  DEALINGS BY SUBSTANTIAL SHAREHOLDERS


1)   NAME OF COMPANY

PALADIN RESOURCES PLC


2)   NAME OF SHAREHOLDER HAVING A MAJOR INTEREST

BNY NORWICH UNION NOMINEES LIMITED A/C LIFE


3)   Please state whether notification indicates that it is in respect of 
     holding of the Shareholder named in 2 above or in respect of a 
     non-beneficial interest or in the case of an individual holder if it is a
     holding of that person's spouse or children under the age of 18

NOTIFICATION GIVEN BY CGNU PLC IN RESPECT OF SHAREHOLDING


4)   Name of the registered holder(s) and, if more than one holder, the 
     number of shares held by each of them.

BNY NORWICH UNION NOMINEES LIMITED A/C LIFE   5,961,005


5)   Number of shares/amount of stock acquired.



6)   ( N/A %) of issued Class



7)   Number of shares/amount of stock disposed

1,250,000


8)   ( 0.62 %) of issued Class



9)   Class of security

ORDINARY


10)  Date of transaction

1.9.2000


11)  Date company informed

4.9.2000


12)  Total holding following this notification

5,961,005
               
              
13)  Total percentage holding of issued class following this notification

2.97%


14)  Any additional information



15)  Name of contact and telephone number for queries

REYNOLDS ROBERTSON  0131 473 6000


16)  Name and signature of authorised company official responsible for 
     making this notification

     Date of Notification .... 5 SEPTEMBER 2000 ....