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Paladin Resources (PLR)

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Tuesday 20 May, 2003

Paladin Resources

Holding(s) in Company

Paladin Resources PLC
20 May 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                               THE CAPITAL GROUP COMPANIES INC

3. Please state whether notification               4.   Name of the registered holder(s)and, if more
   indicates that it is in respect of holding           than one holder, the number of shares held by each
   of the shareholder named in 2 above or in            of them
   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                    STATE STREET NOMINEES LIMITED
   SHAREHOLDER NAMED IN 2


5. Number of shares/      6. Percentage of        7. Number of shares/                  8. Percentage of issued
   amount of stock           issued class N/A        amount of stock disposed class
acquired  N/A                                        NOT NOTIFIED
                                                                                           NOT NOTIFIED


9. Class of security ORDINARY SHARES OF     10. Date of transaction           11. Date company informed
   £0.10                                        16 MAY 2003                       20 MAY 2003


12. Total holding following this         13. Total percentage holding of issued class following
    notification 10,000,000                  this notification  3.114%


14. Any additional information NOTICE             15. Name of contact and telephone number for queries
    MADE ON BEHALF OF THE SHAREHOLDER'S               TINA HANKIN 0131 473 6000
    AFFILIATES INCLUDING CAPITAL RESEARCH
    AND MANAGEMENT COMPANY

16. Name and signature of authorised company official
    responsible for making this notification  CAZENOVE, AUTHORISED TO MAKE 
    NOTIFICATIONS ON BEHALF OF PALADIN RESOURCES PLC


Date of notification 20 MAY 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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