Paladin Energy Ltd.

Successful Completion of A$50 Million Institutional Entitlement Offer - Seite 2

How to Participate in Retail Entitlement Offer

Eligible Retail Shareholders wishing to participate in the Retail Entitlement Offer should carefully read the Retail Offer Booklet, which will be despatched on Monday, 1 December 2014, and follow the instructions set out on the personalised Entitlement and Acceptance Form that will accompany the Retail Offer Booklet. The Retail Offer Booklet will also be made available on that day on the Paladin website, www.paladinenergy.com.au. Personalised Entitlement and Acceptance Forms can also be downloaded through the Computershare website at www.investorcentre.com/au. The form will include all Bpay® particulars and will be available online from 1 December 2014.

Any enquiries in relation to the Retail Entitlement Offer should be directed to the following information line:-

Telephone: [phone] (within Australia) and [phone] (outside of Australia) between 8.30am and 5.00pm (AEDT) Monday to Friday during the Retail Entitlement Offer period.

NOT FOR DISTRIBUTION OR RELEASE IN THE UNITED STATES

This announcement does not constitute an offer to sell, or the solicitation of an offer to buy, any securities in the United States. Neither the entitlements nor the new shares have been, or will be, registered under the U.S. Securities Act of 1933, as amended (the "Securities Act"), or the securities laws of any state or other jurisdiction of the United States.

Accordingly, the entitlements and the new shares may not be offered or sold in the United States unless they have been registered under the Securities Act, or are offered and sold in a transaction exempt from, or not subject to, the registration requirements of the Securities Act and applicable U.S. state securities laws. There will be no public offering of the entitlements or the new shares in the United States.

Neither this announcement nor any other documents relating to the offer of entitlements or new shares may be sent or distributed to persons in the United States.

This announcement contains forward-looking statements, which can usually be identified by the use of words such as such as "may", "will", "expect", "intend", "plan", "estimate", "anticipate", "believe", "continue", "objectives", "outlook", "guidance" or words of similar effect. These forward-looking statements are not guarantees or predictions of future performance, and involve known and unknown risks, uncertainties and other factors, many of which are beyond the control of Paladin, and which may cause actual outcomes to differ materially from those expressed in the statements contained in this announcement. Forward-looking statements include statements regarding the expected outcome from Paladin's Retail Entitlement Offer. Undue reliance should not be placed on these forward-looking statements. These forward-looking statements are based on information available to Paladin as of the date of this announcement. Except as required by law or regulation (including the ASX Listing Rules) Paladin undertake no obligation to update these forward-looking statements.

ACN 061 681 098

Paladin Energy Ltd
John Borshoff
Managing Director/CEO
[phone]
Mobile: [phone]
[e-mail]

Paladin Energy Ltd
Greg Taylor
Investor Relations Contact
[phone]
Mobile: [phone] (Toronto)
[e-mail]