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Paladin Resources (PLR)

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Friday 10 January, 2003

Paladin Resources

Director Shareholding

Paladin Resources PLC
10 January 2003

Paladin Resources plc

                                ("the Company")

Directors' shareholdings following the placing and open offer of 63,563,798 new
ordinary shares of 10 pence each ("the New Shares") at a price of 66 pence per
share ("the Placing and Open Offer")

Acquisition of shares by Ogier Employee Benefit Trustee Limited

As a result of their participation in the open offer, the shareholdings of the
Directors listed below or persons connected with them, and the number of shares
acquired by each of them or by such persons pursuant to the open offer, are as

Director               No. of shares       Resultant            Percentage of issued share capital
                       acquired            shareholding         following the open offer

P Davison              50,000              359,246              0.11%
RA Franklin            80,000              690,000              0.22%
CJ McDowell            77,250              386,250              0.12%
IS Paterson            3,000               15,000               0.005%
WJ Turcan              3,750               18,750               0.006%

In addition, as a result of its participation in the open offer Ogier Employee
Benefit Trustee Limited, as trustee of the Paladin Resources plc Employee Share
Trust ("the Trust"), acquired 496,384 shares pursuant to the open offer,
bringing its total shareholding to 2,481,923 shares. The shares are being held
in the Trust in connection with awards made to Executive Directors and other
employees of the Company under the Company's Long Term Incentive Plan 2000.

The Placing and Open Offer became unconditional earlier today following
admission of the New Shares to the Official List of the UK Listing Authority and
to trading on the London Stock Exchange's markets for listed securities.

                                                                 10 January 2003


Paladin Resources plc                               Tel: 020 7024 4500
Sally Powell, Company Secretary

College Hill Associates                             Tel: 020 7457 2020
James Henderson
Justine Hibbert

                      This information is provided by RNS
            The company news service from the London Stock Exchange