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Paladin Resources (PLR)

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Wednesday 26 March, 2003

Paladin Resources

Holding(s) in Company

Paladin Resources PLC
26 March 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

                                                        THE CAYZER TRUST COMPANY LIMITED
    PALADIN RESOURCES PLC


3. Please state whether notification indicates    4. 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      CALEDONIA INVESTMENTS PLC - 30,008,848
individual holder if it is a holding of that
person's spouse or children under the age of 18   CLYDESDALE BANK (HEAD OFFICE) NOMINEES LTD A/C ABERLP1A
                                                  - 19,378,445
IN RESPECT OF SHAREHOLDER
                                                  CLYDESDALE BANK (HEAD OFFICE) NOMINEES LTD A/C ABERLP1B
NAMED IN 2                                        - 19,378,445



5. Number of shares/      6. Percentage of issued 7. Number of shares/amount 8. Percentage of issued class
amount of stock acquired  class 0.68%             of stock disposed
                                                                                   N/A
     2,150,000                                         N/A


9. Class of security ORDINARY SHARES OF   10. Date of transaction      11. Date company informed      26/
£0.10                                          NOT NOTIFIED            03/03

12. Total holding following this          13. Total percentage holding of issued class following this
notification INTEREST IN 68,765,738            notification: INTERESTED IN 21.63%
SHARES

14. Any additional information: INTEREST IN   15. Name of contact and telephone number for queries
SHARES ARISES AS COMPANY IS SUBSTANTIAL SHARE TINA HANKIN 0131 473 6103
HOLDER IN CALEDONIA INVESTMENTS PLC

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




Date of notification 26 MARCH 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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