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Paladin Resources (PLR)

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Wednesday 18 July, 2001

Paladin Resources

Holding in Company

Paladin Resources PLC
17 July 2001

                  DEALINGS BY SUBSTANTIAL SHAREHOLDERS


1)   NAME OF COMPANY

     PALADIN RESOURCES PLC

2)   NAME OF SHAREHOLDER HAVING A MAJOR INTEREST

     SUNDANCE ASSETS L.P

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

     IN RESPECT OF SHAREHOLDER NAMED IN 2 

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

     SUNDANCE ASSETS L.P.

5)   Number of shares/amount of stock acquired.



6)   ( N/A %) of issued Class

7)   Number of shares/amount of stock disposed

     41,135,500

8)   ( 21 %) of issued Class

9)   Class of security

     ORDINARY 10P SHARES

10)  Date of transaction

     13 JULY 2001

11)  Date company informed

     16 JULY 2001

12)  Total holding following this notification

            0%
               
              
13)  Total percentage holding of issued class following this notification



14)  Any additional information



15)  Name of contact and telephone number for queries



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


     Date of Notification .....17 JULY 2001...................