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Paladin Resources (PLR)

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Wednesday 16 June, 2004

Paladin Resources

Holding(s) in Company

Paladin Resources PLC
16 June 2004

                                  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                        CO-OPERATIVE INSURANCE SOCIETY LIMITED

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                              SEE ATTACHED NOTE

    IN RESPECT OF PARTY NAMED AT 2 ABOVE


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
                                          
N/A                        N/A                 2,878,445                    0.89%


9. Class of security                     10. Date of transaction 11. Date company informed

    ORDINARY SHARES OF £0.10                   14/06/04                     15/06/04


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



     17,521,775                               5.43%


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

                                          GARY GRAY, BURNESS 0131 473 6103

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


Date of notification


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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