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Paladin Resources (PLR)

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Thursday 17 June, 2004

Paladin Resources

Holding(s) in Company-Amend

Paladin Resources PLC
16 June 2004

The following replaces the Holdings in Company announcement released on the 16
June 2004 at 10:15, under RNS number 8135Z.

In Section 12, the total holding should read "35,633,848 WITH INTEREST IN
FURTHER 33,000,000" and not "68,633,848" as previously stated.

In Section 13, the Total Percentage holding should read "11.04% WITH INTEREST IN
FURTHER 10.22%", and not "21.26%".

Section 14 now contains an explanation of these changes.

All other details remain unchanged, the full amended text appears below.

                                   SCHEDULE 10



All relevant boxes should be completed in block capital letters.

1.  Name of company                         2.   Name of shareholder having a major interest


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


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
                                            INTEREST IN                INTEREST IN
N/A                     N/A                 11,562,905                 3.58% 

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

                                                    14/06/04       15/06/04

12. Total holding following this         13. Total percentage holding of issued class following
notification  35,633,848                 this  notification 11.04% WITH INTEREST  IN

WITH INTEREST IN                         FURTHER  10.22%
FURTHER 33,000,000

14. Any additional information              15. Name of contact and telephone number for
                                            queries      GARY GRAY, BURNESS 0131 473 6103
This notification relates to a sale by
Aberforth Partners of 11,562,905 shares in
Paladin Resources on behalf of funds under
its management.. As a limited partner in
one of the Aberforth funds, Caledonia
Investments plc is deemed, pursuant to the
Companies Act 1985, to be interested in
shares held by the fund and therefore in
the aforementioned Paladin shares sold.
Following the sale, Caledonia has an
unchanged direct beneficial holding of
35,633,848 Paladin shares (11.04%) and is
deemed to be interested in a further
33,000,000 shares (10.22%) held by
Aberforth funds.

The Cayzer Trust Company Limited, a
substantial shareholder in Caledonia, is
also deemed under the Companies Act 1985 to
be interested in the Paladin shares in
which Caledonia has an interest.

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

Registered Holders                                                 No of Shares

Caledonia Investments plc                                          35,633,848
Clydesdale Bank (Head Office) Nominees Limited a/c ABERLP1A        16,500,000
Clydesdale Bank (Head Office) Nominees Limited a/c ABERLP1B        16,500,000

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