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Paladin Resources (PLR)

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Friday 03 December, 2004

Paladin Resources

Holding(s) in Company

Paladin Resources PLC
03 December 2004



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


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
                                               N/A                     N/A

N/A                      N/A

9. Class of security                     10. Date of transaction 11. Date company informed
                                             1 December 2004           2 December 2004


12. Total holding following this         13. Total percentage holding of issued class following
notification  675,823                    this  notification  0.21% WITH INTEREST  IN FURTHER  5.11%
WITH INTEREST IN                                             
FURTHER 14,000,000

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 shares in Paladin
Resources plc per its SAR5 announcement on
1 December 2004. 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 Paladin shares sold. Following the
sale, BriTel has an unchanged direct
beneficial holding of 675,823 Paladin
shares (0.21%) and is deemed to be
interested in a further 14,000,000 shares
(5.11%) held by Aberforth funds.

16. Name and signature of authorised company official

       responsible for making this notification

Mimi Ajibade, Asst Company Secretary

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 Trustees Limited                                                                    675,823
Clydesdale Bank (Head Office) Nominees Limited a/c ABERLP1B                              14,000,000

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