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Paladin Resources (PLR)

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Tuesday 10 August, 2004

Paladin Resources

Holding(s) in Company

Paladin Resources PLC
10 August 2004


                                    SCHEDULE 10

                   NOTIFICATION OF MAJOR INTERESTS IN SHARES


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 OF PARTY NAMED AT 2 ABOVE    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
acquired
                                               
N/A                     N/A                    4,500,000             1.39%
                                                                  

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

   ORDINARY SHARES OF £0.10                  9 August 2004           9 August 2004
                                         

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

30,468,614 WITH INTEREST IN A            9.41% WITH INTEREST IN A FURTHER 10.2%
FURTHER 33,000,000


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

                                          GARY GRAY, BURNESS LLP, 0131 473 6103


This notification relates to a sale by Caledonia Investments plc of 4,500,000
shares in Paladin Resources plc. Caledonia Investments plc now has a direct
beneficial interest in 30,468,614 shares (9.41%) and a further indirect interest
in 33,000,000 (10.2%) held by Aberforth Partners, of which Caledonia Investments
plc is a Limited Partner.


The Cayzer Trust Company Limited, a substantial shareholder in Caledonia
Investments plc 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


GARY GRAY, BURNESS LLP, 0131 473 6103


Date of notification   10 August 2004


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                                     30,468,614

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