paladin share register movement

Ref: 165528
30 April 2010
Company Announcements Office
Australian Securities Exchange
20 Bridge Street
SYDNEY NSW 2000
By Electronic Lodgement
Dear Sir/Madam
Paladin Share Register Movement
Paladin Energy Ltd (Paladin), like many significant listed companies, conducts regular analysis of the underlying
beneficial ownership of its securities. The most recent analysis of Paladins share register has revealed that a company
registered in Luxembourg, Cheetah Resources SARL (Cheetah Resources), has acquired a material shareholding in
Paladin, although not at a level requiring the lodgement of a substantial shareholder notice. As at 22 April 2010, and
based on available information, Paladin believes a minimum of 9,839,156 shares has been purchased.
Based on publicly available information, Cheetah Resources appears to be a 100% owned subsidiary of TSX/JSX listed
uranium company, Uranium One Inc (Uranium One). Uranium One has a market capitalisation of approximately US$1.5
billion. Uranium Ones principal producing assets are located in Kazakhstan and operated by Kazatamprom (the Kazakh
State uranium company) via joint venture. Uranium Ones largest shareholder is Effective Energy NV, a 100% owned
subsidiary of ARMZ Uranium Holding Co. (ARMZ), which is the appointed and authorised uranium feedstock supplier to
the Russian Nuclear Industry. ARMZ is part of Rosatom, the State Corporation controlling all of Russias nuclear
activities.
Paladin considers this information should be conveyed to the market for the purposes of keeping the market fully
informed, particularly in view of the concentrated nature of the global uranium industry and the role Paladin plays in this
exclusive sector.
To date, Paladin has not been contacted by either Cheetah Resources or Uranium One in regard to this shareholding and
is not aware of their intentions in relation to the holding. Paladin will keep the market informed.
Paladin is the largest independent, pure play publicly traded global uranium producer with a market capitalisation of
approximately A$2.7 billion. Paladin has two operating mines in Africa and advanced exploration and development assets
globally. A strong production growth profile is expected to expand Paladins current production base to in excess of 14Mlb
of U3O8 by 2014.
For further information please contact either the undersigned or Mr Ross Thornton of FD Third Person on mobile +61 418
233 062.
Yours faithfully
Paladin Energy Ltd
JOHN BORSHOFF
Managing Director/CEO