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Paladin Resources (PLR)

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Wednesday 30 March, 2005

Paladin Resources

Directors' Interest in Shares

Paladin Resources PLC
30 March 2005


PALADIN RESOURCES plc
("the Company")


Directors' Interests in Shares


By a written resolution of the Remuneration Committee passed on 29 March 2005,
it was agreed that, in accordance with the terms of the Company's Long Term
Incentive Plan 2000 ("the LTIP") and following the completion of the three year
performance period for the awards made on 28 March 2002, 80% of the awards made
on that date should vest.


Three Directors therefore became unconditionally entitled to the LTIP shares set
out below:


Name of Director              No. of LTIP shares vesting

P Davison                     252,000

RA Franklin                   417,600

CJ McDowell                   252,000


Certain of these shares have been sold, at a price of 182 pence per share, in
part to satisfy tax liabilities arising as a result of the vesting.


The resulting total number of shares in which these Directors, or persons
connected with them, are beneficially interested, in comparison with their
previous holdings, is now as follows:

Name of Director      Previous shareholding       New shareholding        % of issued share capital

P Davison                800,000                     900,000              0.26

RA Franklin            1,287,243                   1,400,000              0.41

CJ McDowell              850,000                     925,000              0.27


                                                                   30 March 2005

Enquiries:


Paladin Resources plc                                 020 7024 4500
Sally Powell, Company Secretary

College Hill                                          020 7457 2020
Jim Joseph/Nick Elwes




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