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Paladin Resources (PLR)

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Wednesday 14 November, 2001

Paladin Resources

Holding in Company

Paladin Resources PLC
13 November 2001


                  DEALINGS BY SUBSTANTIAL SHAREHOLDERS


1)   NAME OF COMPANY

     PALADIN RESOURCES PLC

2)   NAME OF SHAREHOLDER HAVING A MAJOR INTEREST

     ABERFORTH PARTNERS

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.

     CLYDESDALE BANK (HEAD OFFICE) NOMINEES LTD A/C ABERFIT1:    13,275,721
     CLYDESDALE BANK (HEAD OFFICE) NOMINEES LTD A/C ABERFIT2:     7,172,011
     CLYDESDALE BANK (HEAD OFFICE) NOMINEES LTD A/C ABERFUT1:     6,667,539
     CLYDESDALE BANK (HEAD OFFICE) NOMINEES LTD A/C ABERLP1A:    15,502,756
     CLYDESDALE BANK (HEAD OFFICE) NOMINEES LTD A/C ABERLP1B:    15,502,756

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 10P SHARES

10)  Date of transaction

     13 NOVEMBER 2001

11)  Date company informed

     13 NOVEMBER 2001

12)  Total holding following this notification

     58,120,783
               
13)  Total percentage holding of issued class following this notification

     22.97%

14)  Any additional information



15)  Name of contact and telephone number for queries

     TWA HODGSON           0131 473 6000

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

     Date of Notification ......13 NOVEMBER 2001..................