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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                             CALEDONIA INVESTMENTS PLC

3.  Please state whether notification                 Name of the registered holder(s)and, if more than
    indicates that it is in respect of holding        one holder, the number of shares held by each of
    of the shareholder named in 2 above or in         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 IN RESPECT        CALEDONIA INVESTMENTS PLC - 35,633,848
    OF SHAREHOLDER NAMED IN 2
                                                      CLYDESDALE BANK (HEAD OFFICE) NOMINEES LIMITED A/C
                                                      ABERLP1A - 19,378,445

                                                      CLYDESDALE BANK (HEAD OFFICE) NOMINEES LIMITED A/C
                                                      ABERLP1B - 19,378,445

5. Number of shares/     6. Percentage of      7. Number of shares/                  8. Percentage of issued
   amount of stock          issued class          amount of stock disposed class
   acquired  5,000,000                            N/A
                            1.57%                                                       N/A


9. Class of security ORDINARY SHARES OF       10. Date of transaction           11. Date company informed
   £0.10                                          NOT NOTIFIED                      19 May 2003

12. Total holding following this         13. Total percentage holding of issued class following
    notification 74,390,738                  this notification  23.16%


14. Any additional information           15. Name of contact and telephone number for queries
                                             TINA HANKIN, BURNESS 0131 473 6103
    CALEDONIAN INVESTMENTS PLC IS A LIMITED
    PARTNER IN ABERFORTH LTD PARTNERSHIP 1A
    WHICH HAS INTEREST IN ABERFORTH LTD
    PARTNERSHIP 1B

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


                      This information is provided by RNS
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