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Paladin Resources (PLR)

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Tuesday 14 January, 2003

Paladin Resources

Holding(s) in Company

Paladin Resources PLC
14 January 2003

                                  SCHEDULE 10
                   NOTIFICATION OF MAJOR INTERESTS IN SHARES

AVS NO

All relevant boxes should be completed in block capital letters.

1. Name of company                               2. Name of shareholder having a major interest

   PALADIN RESOURCES PLC                            CALEDONIA INVESTMENTS PLC

                                                    THE CAYZER TRUST COMPANY LIMITED

3. Please state whether notification indicates   Name of the registered holder(s)and, if more than one
that it is in respect of holding of the          holder, the number of shares held by each of them
shareholder named in 2 above or in respect of a
non-beneficial interest or in the case of an     CLYDESDALE BANK (HEAD OFFICE) NOMINEES LIMITED A/C
individual holder if it is a holding of that     ABERLP1A -19,378,445
person's spouse or children under the age of 18

IN RESPECT OF SHAREHOLDER NAMED IN 2             CLYDESDALE BANK (HEAD OFFICE) NOMINEES LIMITED A/C
                                                 ABERLP1B -19,378,445

                                                 CALEDONIA INVESTMENTS PLC -25,658,445

5. Number of shares/      6. Percentage of       7. Number of shares/amount 8. Percentage of issued class
amount of stock acquired  issued class           of stock disposed 
                                                                                  
6,435,482                 2.02%                  N/A                              N/A


9. Class of security ORDINARY SHARES OF   10. Date of transaction      11. Date company informed      

£0.10                                          NOT NOTIFIED                14 January 2003

12. Total holding following this          13. Total percentage holding of issued class following this
notification                                  notification 

    64,415,738                                20.26%

14. Any additional information:             15. Name of contact and telephone number for queries      

                                                NICK TULLOCH 020 7825 9471
The Cayzer Trust Company Limited is a major
shareholder in Caledonia Investments Plc
and as such is an interested party.

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

    CAZENOVE & CO. LTD


Date of notification 14 January 2003



Company Announcement Office, Old Broad Street, London EC2N 1HP
Facsimile: 020 7588 6057, 020 7334 8964/8965/8966 (PLEASE DO NOT POST)
Enquiries: Company Monitoring and Enquiries, UK Listing Authority


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