Paladin Energy Ltd. — Director's Dealing 2021

Dec 12, 2021

ASX Announcement 13 December 2021

Change in Director's Interest Notices

Attached are Change in Director Interest Notices for dealings by Non-Executive Director's in securities of Paladin Energy Ltd ('Notices').

Following the release of shares held in voluntary escrow (as announced on 17 November 2021) certain Non-Executive Director's (through their associates) sold shares on-market between 8 December 2021 and 9 December 2021.

The purpose of the respective sales for the Directors was to fund anticipated tax liabilities associated with the issue of shares (following conversion of performance rights) and their release from voluntary escrow.

We note that further shares held by Non-Executive Director's will be released from voluntary escrow during the period through to May 2022. In the event there are any further dealings in company securities the relevant Appendix 3Y will be issued.

The attached Notices detail the transactions referred to above.

This announcement has been authorised for release by the Company Secretary of Paladin Energy Ltd.

For further information contact: Jeremy Ryan Company Secretary P: +61 8 9423 8100 E: paladin@paladinenergy.com.au

About Paladin

Paladin Energy Limited (ASX: PDN OTCQX:PALAF) is an Australian listed uranium company focused on maximising the value of its 75% stake in the Langer Heinrich Uranium Mine in Namibia.

Langer Heinrich is a globally significant, long-life operation, having already produced over 43Mlb U3O8 to date. Operations at Langer Heinrich were suspended in 2018 due to low uranium prices.

Beyond Langer Heinrich, the Company also owns a large global portfolio of uranium exploration and development assets. Nuclear power remains a cost-effective, low carbon option for electricity generation.

Rule 3.19A.2

Appendix 3Y

Change of Director's Interest Notice

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX's property and may be made public.

Introduced 30/09/01 Amended 01/01/11

Name of entity:	Paladin Energy Limited
ABN	47 061 681 098

We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	Cliff Lawrenson
Date of last notice	14 May 2021

Part 1 - Change of director's relevant interests in securities

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Note: In the case of a company, interests which come within paragraph (i) of the definition of "notifiable interest of a director" should be disclosed in this part.

Direct or indirect interest	Indirect
Nature of indirect interest(including registered holder)Note: Provide details of the circumstances giving rise to the relevantinterest.	Solution Management Pty Ltd (directorand beneficiary)
Date of change	8 and 9 December 2021
No. of securities held prior to change	(a) NIL Performance Rights(b) 6,135,136 Ordinary Shares
Class	Ordinary Shares
Number acquired	Nil
Number disposed	1,400,000 Ordinary Shares
Value/ConsiderationNote: If consideration is non-cash, provide details and estimatedvaluation	0.8185 average price
No. of securities held after changeSolution Management Pty Ltd (director andbeneficiary)	4,600,000 Ordinary Shares
Equitas Nominees Pty Limited <pb -="" 601584<br="">A/C>	135,136 Ordinary Shares

+ See chapter 19 for defined terms.

Nature of changeExample: on-market trade, off-market trade, exercise of options, issueof securities under dividend reinvestment plan, participation in buyback	On-market trade

Part 2 – Change of director's interests in contracts

Note: In the case of a company, interests which come within paragraph (ii) of the definition of "notifiable interest of a director" should be disclosed in this part.

Detail of contract	n/a
Nature of interest	n/a
Name of registered holder(if issued securities)	n/a
Date of change	n/a
No. and class of securities to whichinterest related prior to changeNote: Details are only required for a contract inrelation to which the interest has changed	n/a
Interest acquired	n/a
Interest disposed	n/a
Value/ConsiderationNote: If consideration is non-cash, provide detailsand an estimated valuation	n/a
Interest after change	n/a

Part 3 – +Closed period

Were the interests in the securities or contracts detailed	No
above traded during a +closed period where prior written
clearance was required?
If so, was prior written clearance provided to allow the trade	n/a
to proceed during thisperiod?
If prior written clearance was provided, on what date was this	n/a
provided?

13 December 2021

+ See chapter 19 for defined terms.

Rule 3.19A.2

Appendix 3Y

Change of Director's Interest Notice

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX's property and may be made public.

Introduced 30/09/01 Amended 01/01/11

Name of entity:	Paladin Energy Limited
ABN	47 061 681 098

We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	Peter Watson
Date of last notice	14 May 2021

Part 1 - Change of director's relevant interests in securities

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Note: In the case of a company, interests which come within paragraph (i) of the definition of "notifiable interest of a director" should be disclosed in this part.

Direct or indirect interest	Indirect
Nature of indirect interest(including registered holder)Note: Provide details of the circumstances giving rise to the relevantinterest.	Doc & Lin Holdings Pty Ltd<doc &="" fund="" lin="" super=""> (director andbeneficiary)
Date of change	8 December 2021
No. of securities held prior to change	(a) NIL Performance Rights(b) 4,094,594 Ordinary Shares
Class	Ordinary Shares
Number acquired	Nil
Number disposed	484,500 Ordinary Shares
Value/ConsiderationNote: If consideration is non-cash, provide details and estimatedvaluation	0.8280 average price
No. of securities held after change	3,610,094 Ordinary Shares

+ See chapter 19 for defined terms.

Nature of change	On-market trade
Example: on-market trade, off-market trade, exercise of options, issue
of securities under dividend reinvestment plan, participation in buy
back

Part 2 – Change of director's interests in contracts

Note: In the case of a company, interests which come within paragraph (ii) of the definition of "notifiable interest of a director" should be disclosed in this part.

Detail of contract	n/a
Nature of interest	n/a
Name of registered holder(if issued securities)	n/a
Date of change	n/a
No. and class of securities to whichinterest related prior to changeNote: Details are only required for a contract inrelation to which the interest has changed	n/a
Interest acquired	n/a
Interest disposed	n/a
Value/ConsiderationNote: If consideration is non-cash, provide detailsand an estimated valuation	n/a
Interest after change	n/a

Part 3 – +Closed period

Were the interests in the securities or contracts detailed	No
above traded during a +closed period where prior written
clearance was required?
If so, was prior written clearance provided to allow the trade	n/a
to proceed during thisperiod?
If prior written clearance was provided, on what date was this	n/a
provided?

13 December 2021

+ See chapter 19 for defined terms.