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Paladin Resources (PLR)

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Thursday 17 June, 2004

Paladin Resources

Holding(s) in Company

Paladin Resources PLC
17 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                         BriTel Fund Trustees 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
                                               INTEREST NOT
                                               DISCLOSED
                                                                       INTEREST NOT DISCLOSED
N/A                          N/A
                      


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

                                             14/06/04                      17/06/04

     ORDINARY SHARES OF £0.10

12. Total holding following this         13. Total percentage holding of issued class following
notification  763,739                        this notification  0.24% WITH INTEREST  IN

WITH INTEREST IN                               FURTHER  5.1%
FURTHER 16,500,000


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 part of its holding
in Paladin Resources on behalf of funds
under its management. As a Limited Partner
in one of the Aberforth funds, BriTel Fund
Trustees Limited  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, BriTel has an unchanged
direct beneficial holding of 763,739
Paladin shares (0.24%) and is deemed to be
interested in a further 16,500,000 shares
(5.1%) held by Aberforth funds.


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
BritTel Fund Trustees Limited                                   763,739
Clydesdale Bank (Head Office) Nominees Limited a/c ABERLP1B     16,500,000



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