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Paladin Resources (PLR)

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Wednesday 27 March, 2002

Paladin Resources

Director Shareholding

Paladin Resources PLC
27 March 2002

Paladin Resources plc

("the Company")


                        Directors' Interests in Shares

By a written resolution of the Remuneration Committee of the Company passed on
26 March 2002, awards were made to Executive Directors and other employees under
the Company's Long Term Incentive Plan 2000 ("LTIP"). The awards to Executive
Directors were as follows:

Name of Director                                          No. of LTIP shares

P Davison                                                            315,000
R A Franklin                                                         522,000
C J McDowell                                                         315,000

The total awards held by the Executive Directors under the LTIP are now as
follows:

Name of Director                                    Total no. of LTIP shares

P Davison                                                            895,000
R A Franklin                                                       1,442,000
C J McDowell                                                         895,000

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

       Position of the Company versus
         Comparator Group Companies                               Vesting

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

Enquiries:
Paladin Resources plc                          020 7534 2900
Sally Powell, Company Secretary


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