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Paladin Resources (PLR)

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Wednesday 04 December, 2002

Paladin Resources

Holding(s) in Company

Paladin Resources PLC
4 December 2002


                  DEALINGS BY SUBSTANTIAL SHAREHOLDERS


1)   NAME OF COMPANY

     PALADIN RESOURCES PLC

2)   NAME OF SHAREHOLDER HAVING A MAJOR INTEREST

     CALEDONIA INVESTMENTS 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.

     CALEDONIA INVESTMENTS PLC

5)   Number of shares/amount of stock acquired.

     19,223,366

6)   (7.56%) 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

     22 NOVEMBER 2002

11)  Date company informed

     26 NOVEMBER 2002

12)  Total holding following this notification

     19,223,366
               
13)  Total percentage holding of issued class following this notification

     7.56%

14)  Any additional information

     SHARES TRANSFERRED FROM CALEDONIA GENERAL INVESTMENTS LIMITED

15)  Name of contact and telephone number for queries

     TINA HANKIN, BURNESS 0131 473 6103

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

     BURNESS AUTHORISED TO MAKE NOTIFICATIONS ON BEHALF OF PALADIN RESOURCES PLC

     Date of Notification ...4 DECEMBER 2002...........





                  DEALINGS BY SUBSTANTIAL SHAREHOLDERS


1)   NAME OF COMPANY

     PALADIN RESOURCES PLC

2)   NAME OF SHAREHOLDER HAVING A MAJOR INTEREST
     
     CALEDONIA GENERAL INVESTMENTS 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.

     CALEDONIA GENERAL INVESTMENTS LIMITED

5)   Number of shares/amount of stock acquired.

     N/A

6)   ( N/A %) of issued Class

7)   Number of shares/amount of stock disposed

     19,223,366

8)   (7.56%) of issued Class

9)   Class of security

     ORDINARY SHARES OF £0.10

10)  Date of transaction

     22 NOVEMBER 2002

11)  Date company informed

     26 NOVEMBER 2002

12)  Total holding following this notification

     0
               
13)  Total percentage holding of issued class following this notification

     0

14)  Any additional information



15)  Name of contact and telephone number for queries

     TINA HANKIN, BURNESS 0131 473 6103

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

     BURNESS AUTHORISED TO MAKE NOTIFICATIONS ON BEHALF OF PALADIN RESOURCES PLC

     Date of Notification ...4 DECEMBER 2002...........



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