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Talisman Energy Inc. (AN26)

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Monday 31 October, 2005

Talisman Energy Inc.

Purchase of Paladin Shares

Talisman Energy Inc.
31 October 2005


Not for release, publication or distribution in or into the United States,
Canada, Australia or Japan


31 October, 2005


FOR IMMEDIATE RELEASE





Purchase of Shares



Talisman announces that Talisman Resources, a wholly-owned subsidiary of
Talisman, has acquired a further 33,720,419 shares in Paladin this morning.



After this purchase, Talisman Resources holds 85,063,419 shares in Paladin,
representing approximately 24.79% of Paladin's existing issued share capital.



Terms used in this announcement shall have the same meanings as set out in the
Offer document dated 28 October 2005.



ENQUIRIES



For further information contact:



Talisman

Jackie Sheppard                                       +1 403 237 1183
David Mann                                            +1 403 237 1196
Chris LeGallais                                       +1 403 237 1957



Goldman Sachs International

Julian Metherell                                      +44 (0)20 7774 1000
Nigel Robinson                                        +44 (0)20 7774 1000



Goldman Sachs International, which is authorised and regulated in the United
Kingdom by the Financial Services Authority, is acting as financial adviser and
corporate broker to Talisman and Talisman Resources in connection with the Offer
and no one else and will not be responsible to anyone other than Talisman and
Talisman Resources for providing the protections afforded to customers of
Goldman Sachs International or for providing advice in relation to the Offer.



The Offer has not been and will not be made, directly or indirectly, in or into
or by the use of the mails of, or by any means or instrumentality (including,
without limitation, telephonically or electronically) of interstate or foreign
commerce of, or through any facilities of a national securities exchange of, the
United States, Canada, Australia or Japan or any other jurisdiction if to do so
would constitute a violation of the relevant laws of such jurisdiction, and the
Offer should not be accepted by any such use, means, instrumentality or
facilities or from or within the United States, Canada, Australia or Japan or
any such other jurisdiction.  Notwithstanding the foregoing, Talisman Resources
will retain the right to permit the Offer to be accepted and any sale of
securities pursuant to the Offer to be completed if, in its sole discretion, it
is satisfied that the transaction in question can be undertaken in compliance
with applicable law and regulation.


                      This information is provided by RNS
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