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Paladin Resources (PLR)

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Wednesday 12 November, 2003

Paladin Resources

Director Shareholding

Paladin Resources PLC
12 November 2003

                              PALADIN RESOURCES plc
                                ("the Company")

                        Directors' Interests in Shares

In accordance with the terms of the Company's Sharesave Scheme ("the SAYE Scheme
"), three Directors have elected to purchase the shares to which they became
entitled following the completion of their five-year savings contracts on 1
November 2003. The allotment of new shares, which took place yesterday, was as

Name of Director                                                  No. of shares

P Davison                                                         101,470
RA Franklin                                                       101,470
CJ McDowell                                                       101,470

All the shares are being retained. The three Directors have no other outstanding
options under the SAYE Scheme.

By a written resolution of the Remuneration Committee of the Company passed on
11 November 2003, it was agreed that, in accordance with the terms of the
Company's Long Term Incentive Plan 2000 ("the LTIP"), the Company's total
shareholder return, measured over the three year period following the making of
the award on 9 November 2000 against that of a group of comparator companies,
had given rise to the Company being ranked first in the comparator group and
thus to 100% of the shares vesting.

Three Directors have therefore become unconditionally entitled to the LTIP
shares set out below.

Name of Director                     No. of LTIP shares vesting

P Davison                            290,000
RA Franklin                          460,000
CJ McDowell                          290,000

The resulting total number of shares in which these Directors, or persons
connected with them, are beneficially interested, in comparison with their
previous holdings, is now as follows:

Name of Director           Previous shareholding       New shareholding    % of issued share capital

P Davison                         508,455                   899,925                     0.28
RA Franklin                       839,209                  1,400,679                    0.44
CJ McDowell                       535,459                   926,929                     0.29

                                                                12 November 2003

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

College Hill                                             Tel: 020 7457 2020
James Henderson
Phil Wilson-Brown

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