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Paladin Resources (PLR)

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Monday 29 January, 2001

Paladin Resources

Holding in Company

Paladin Resources PLC
29 January 2001


                  DEALINGS BY SUBSTANTIAL SHAREHOLDERS


1)   NAME OF COMPANY

     PALADIN RESOURCES PLC

2)   NAME OF SHAREHOLDER HAVING A MAJOR INTEREST

     CHASE NOMINEES LIMITED

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 IN RESPECT OF HOLDING OF SHAREHOLDER NAMED IN 2) ABOVE

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

     CHASE NOMINEES LIMITED

5)   Number of shares/amount of stock acquired.

     NOT STATED IN NOTIFICATION 

6)   ( N/A %) of issued Class

7)   Number of shares/amount of stock disposed

     -

8)   ( N/A %) of issued Class

9)   Class of security

     10p ORDINARY SHARES

10)  Date of transaction

     -

11)  Date company informed

     26 JANUARY 2001

12)  Total holding following this notification

     22,713,988
               
              
13)  Total percentage holding of issued class following this notification

     11.32%

14)  Any additional information



15)  Name of contact and telephone number for queries

     TINA HODGSON: 0131 473 6103

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

     Date of Notification: 29 JANUARY 2001