Paladin Energy Ltd. — Share Issue/Capital Change 2021

Oct 26, 2021

Announcement Summary

Entity name

PALADIN ENERGY LTD

Announcement Type

New announcement

Date of this announcement

Wednesday October 27, 2021

The +securities to be quoted are:

+Securities issued, transferred or re-classified as a result of options being exercised or other +convertible securities being converted

Total number of +securities to be quoted

ASX +securitycode	Security description	Number of +securities tobe quoted	Issue date
PDN	ORDINARY FULLY PAID	174,019	26/10/2021

Refer to next page for full details of the announcement

Part 1 - Entity and announcement details

1.1 Name of entity

PALADIN ENERGY LTD

We (the entity named above) apply for +quotation of the following +securities and agree to the matters set out in Appendix 2A of the ASX Listing Rules.

1.2 Registered number type ABN

Registration number 47061681098

1.3 ASX issuer code PDN

1.4 The announcement is

New announcement

1.5 Date of this announcement

27/10/2021

Part 2 - Type of Issue

2.1 The +securities to be quoted are:

+Securities issued, transferred or re-classified as a result of options being exercised or other +convertible securities being converted

2.2 The +securities to be quoted are:

Additional +securities in a class that is already quoted on ASX ("existing class")

Part 3B - number and type of +securities to be quoted (existing class) where issue has not previously been notified to ASX in an

Appendix 3B

Existing +securities converting into additional +securities in an existing class

FROM (Existing Class) ASX +security code and description

PDNAD : SHARE APPRECIATION RIGHTS

TO (Existing Class) ASX +security code and description

PDN : ORDINARY FULLY PAID

Please state the number of optionsthat were exercised or other+convertible securities that were	The first date the options wereexercised or other +convertiblesecurities were converted	The last date the options wereexercised or other +convertiblesecurities were converted
converted	26/10/2021	26/10/2021

206,250

Is this all of the options or other +convertible securities on issue of that type (ie have all of those options now been exercised or have all of those convertible securities now been converted)? No

The right of the holder of the options or other +convertible securities to receive the +underlying securities is being satisfied by:

An issue of new +securities

The underlying securities being received by the holder are: Intended to be, but are not yet, quoted by ASX

Were the options being exercised or other +convertible securities being converted issued under an +employee incentive scheme?

Yes

Are any of the options being exercised or other +convertible securities being converted held by +key management personnel (KMP) or an +associate? No

Issue date

26/10/2021

Will the +securities to be quoted rank equally in all respects from their issue date with the existing issued +securities in that class? Yes

Issue details

Number of +securities to be quoted

174,019

Are the +securities being issued for a cash consideration?

No

Please describe the consideration being provided for the +securities

Issued pursuant to Paladin Energy Employee Performance Rights Plan

Please provide an estimate (in AUD) of the value of the consideration being provided per +security for the +securities to be quoted

0.965000

Any other information the entity wishes to provide about the +securities to be quoted

$0.965 per share, being the closing price as at 25 October 2021

Part 4 - Issued capital following quotation

Following the quotation of the +securities the subject of this application, the issued capital of the entity will comprise:

(A discrepancy in these figures compared to your own may be due to a matter of timing if there is more than one application for quotation/issuance currently with ASX for processing.)

4.1 Quoted +securities (total number of each +class of +securities quoted on ASX following the +quotation of the +securities subject of this application)

ASX +security code and description	Total number of+securities on issue
PDN : ORDINARY FULLY PAID	2,678,239,972

4.2 Unquoted +securities (total number of each +class of +securities issued but not quoted on ASX)

ASX +security code and description	Total number of+securities on issue
PDNAP : PERFORMANCE RIGHTS	3,540,000
PDNAD : SHARE APPRECIATION RIGHTS	5,079,250