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Paladin Resources (PLR)

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Tuesday 13 November, 2001

Paladin Resources

Holding in Company

Paladin Resources PLC
12 November 2001

                  DEALINGS BY SUBSTANTIAL SHAREHOLDERS


1)   NAME OF COMPANY

     PALADIN RESOURCES PLC

2)   NAME OF SHAREHOLDER HAVING A MAJOR INTEREST

     EDINBURGH FUND MANAGERS GROUP PLC

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.

     SEE BELOW

5)   Number of shares/amount of stock acquired.



6)   ( N/A %) of issued Class

7)   Number of shares/amount of stock disposed



8)   ( N/A %) of issued Class

9)   Class of security

     ORDINARY

10)  Date of transaction

     12 NOV 2001

11)  Date company informed

     12 NOV 2001

12)  Total holding following this notification

     26,560,324
               
13)  Total percentage holding of issued class following this notification

     12.60%

14)  Any additional information



15)  Name of contact and telephone number for queries

     TINA HODGSON BURNESS 0131 473 6000

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

     
     Date of Notification ....12 NOV 2001....................

The registered holders and the number of shares held by each of them:

RBSTB Nominees Ltd:                                             11,023,558 
British Coal Staff Superannuation Scheme 
(Chase GIS) Nominees Ltd:                                        6,325,426 
Mineworkers Pension Scheme (Chase GIS) Nominees Ltd:             6,325,433 

City of Edinburgh Council                                        2,009,610 
Vidacos Nominees Ltd.                                              876,297