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Paladin Resources (PLR)

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Thursday 29 March, 2001

Paladin Resources

Director Shareholding

Paladin Resources PLC
29 March 2001

29 March 2001

                            Paladin Resources plc

                         ('Paladin' or 'the Company')

                        Directors' Interests in Shares

At a meeting of the Remuneration Committee of the Company held on 20 March
2001, awards were granted to executive directors and other employees under the
Company's Long Term Incentive Plan 2000 ('LTIP') and under the Paladin
Resources 1998 Unapproved Share Option Scheme. The awards to executive
directors were as follows:

Name of Director               No. of LTIP Shares           No. of Options

R A Franklin                        460,000                     170,000
C J McDowell                        290,000                     110,000
P Davison                           290,000                     110,000

The extent to which awards granted under the LTIP vest under normal conditions
at the end of a three-year performance period is dependent on the Company's
total shareholder return, measured against that of a group of nine comparator
companies selected by the Remuneration Committee. The vesting schedule is as

                       Position versus                                  Vesting

                 Comparator Group Companies

                             1st                                           100%
                             2nd                                            80%
                             3rd                                            60%
                             4th                                            40%
                             5th                                            20%
                       Lower than 5th                                       Nil

The exercise price for all of the options is 39.25 pence and they will become
exercisable after three years following the date of grant provided that the
total shareholder return of the Company increases by a percentage amount that
is equal to or greater than the percentage change in the Retail Prices Index
plus 3% per annum.

The Company was notified on 28 March 2001 that, on that date, Ogier Trustee
Limited as trustee of The Paladin Resources plc Employee Share Trust (the
'Trust') purchased 500,000 ordinary shares of 10 pence each in the Company at
a price of 40 pence per share. The shares are being held by the Trust in
connection with awards made to the executive directors of the Company under
the LTIP.


Paladin Resources plc                    Tel: 020 7534 2900

Roy Franklin, Chief Executive