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Paladin Resources (PLR)

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Wednesday 16 October, 2002

Paladin Resources

Holding(s) in Company

Paladin Resources PLC
16 October 2002



                  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

     NON-BENEFICIAL INTEREST

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

     SEE SCHEDULE BELOW
     
5)   Number of shares/amount of stock acquired. 

     NOT NOTIFIED

6)   ( N/A %) of issued Class 


7)   Number of shares/amount of stock disposed

     N/A

8)   ( N/A %) of issued Class 

9)   Class of security

     ORDINARY SHARES OF £0.10 

10)  Date of transaction

     NOT NOTIFIED

11)  Date company informed

     16 OCTOBER 2002

12)  Total holding following this notification

     61,694,672 
                
13)  Total percentage holding of issued class following this notification 

     24.26%

14)  Any additional information 



15)  Name of contact and telephone number for queries 

     TINA HANKIN      0131 473 6103
  

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

     BURNESS, AUTHORISED TO MAKE ANNOUNCEMENTS ON BEHALF OF 
     PALADIN RESOURCES PLC

     Date of Notification   16 OCTOBER 2002 



                 SCHEDULE TO NOTIFICATION OF MAJOR INTERESTS


4. Registered holders and the number of shares held by each shareholder:

Clydesdale Bank (Head Office) Nominees Ltd A/C ABERFIT1     12,539,721 shares 
Clydesdale Bank (Head Office) Nominees Ltd A/C ABERFIT2      6,774,011 shares 
Clydesdale Bank (Head Office) Nominees Ltd A/C ABERFUTI      9,496,428 shares 
Clydesdale Bank (Head Office) Nominees Ltd A/C ABERLP1A     15,502,756 shares 
Clydesdale Bank (Head Office) Nominees Ltd A/C ABERLP1B     15,502,756 
State Street Nominees Ltd A/CJD59                            1,879,000



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