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Paladin Resources (PLR)

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Friday 29 September, 2000

Paladin Resources

Holding in Company

Paladin Resources PLC
29 September 2000

                  DEALINGS BY SUBSTANTIAL SHAREHOLDERS


1)   NAME OF COMPANY

PALADIN RESOURCES PLC

2)   NAME OF SHAREHOLDER HAVING A MAJOR INTEREST

RLAM (NOMINEES) LIMITED A/C SPF.

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 BY MEMBER ON BEHALF OF BENEFICIAL OWNER THE ROYAL LONDON MUTUAL
INSURANCE SOCIETY

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

RLAM (NOMINEES) LIMITED A/C SPF.

5)   Number of shares/amount of stock acquired.



6)   ( N/A %) of issued Class

7)   Number of shares/amount of stock disposed

3,050,000

8)   (1.52%) of issued Class

9)   Class of security

ORDINARY SHARES

10)  Date of transaction

28.9.2000

11)  Date company informed

28.9.2000

12)  Total holding following this notification

6,285,189
               
              
13)  Total percentage holding of issued class following this notification

3.132%

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 ....29.9.2000.....