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Paladin Resources (PLR)

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Wednesday 15 August, 2001

Paladin Resources

Holding in Company

Paladin Resources PLC
14 August 2001


                            SCHEDULE 10
             NOTIFICATION OF MAJOR INTERESTS IN SHARES


1)   NAME OF COMPANY

     PALADIN RESOURCES PLC

2)   NAME OF SHAREHOLDER HAVING A MAJOR INTEREST

     BRITISH STEEL PENSION FUND TRUSTEE 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

     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.

     BRITISH STEEL PENSION FUND TRUSTEE LIMITED

5)   Number of shares/amount of stock acquired.

     -

6)   Percentage of issued Class

     -

7)   Number of shares/amount of stock disposed

     -

8)   Percentage of issued Class

     -

9)   Class of security

     -

10)  Date of transaction

     -

11)  Date company informed

     13/8/01

12)  Total holding following this notification

     6,014,566
              
13)  Total percentage holding of issued class following this notification

     2.85%

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 ......14/8/2001...........