Paladin Energy Ltd. — Share Issue/Capital Change 2021

Oct 3, 2021

Announcement Summary

Entity name

PALADIN ENERGY LTD

Date of this announcement

Monday October 04, 2021

The +securities the subject of this notification are:

+Other securities issued under an +employee incentive scheme that are not intended to be quoted on ASX

Total number of +securities to be issued/transferred

ASX +securitycode	Security description	Total number of+securities to beissued/transferred	Issue date
New class - codeto be confirmed	PDNAC	3,540,000	04/10/2021

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) give notice of the issue, conversion or payment up of the following unquoted +securities.

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

4/10/2021

Part 2 - Issue details

2.1 The +securities the subject of this notification are:

+Other securities issued under an +employee incentive scheme that are not intended to be quoted on ASX

2.2a This notification is given in relation to an issue of +securities in a class which is not quoted on ASX and which:

does not have an existing ASX security code ("new class")

Equity Securities

Part 3C - number and type of +securities the subject of this notification (new class) where issue has not previously been notified to ASX

in an Appendix 3B

ASX +security code		+Security description
New class - code to be confirmed	PDNAC
+Security type		ISIN code
Other
	Date the +securities the subject of this notification were issued
4/10/2021
Yes	Will all the +securities issued in this class rank equally in all respects from their issue date?
Yes	Were any of the +securities issued to +key management personnel (KMP) or an +associate?
	Provide details of the KMP or +associates being issued +securities.
Name of KMP	Name of registered holder	Number of +securities
Jess Oram	Jess Oram	500,000
Alexander Rybak	Alexander Rybak	500,000

Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities being issued.

https://www.paladinenergy.com.au/wp-content/uploads/2021/08/2020-Employee-and-Contractor-Performance-Share-Righ ts-Plan-2.pdf

https://wcsecure.weblink.com.au/pdf/PDN/02294556.pdf

Please provide a URL link for a document lodged with ASX detailing the terms of the +employee incentive scheme or a summary of the terms

https://www.paladinenergy.com.au/wp-content/uploads/2021/08/2020-Employee-and-Contractor-Performance-Share-Righ ts-Plan-2.pdf

https://wcsecure.weblink.com.au/pdf/PDN/02294556.pdf

Any other information the entity wishes to provide about the +securities the subject of this notification

Performance rights issued to employees as the incentive component of remuneration under the shareholder approved 2020 Performance Share Rights Plan.

Equity Securities

Issue details

Number of +securities

3,540,000

Part 4 - +Securities on issue

Following the issue, conversion or payment up of the +securities the subject of this application, the +securities 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) ASX +security code and description Total number of +securities on issue PDN : ORDINARY FULLY PAID 2,678,065,953

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
PDNAD : SHARE APPRECIATION RIGHTS	5,285,500
New class - code to be confirmed : PDNAC	3,540,000

Equity Securities

Part 5 - Other Listing Rule requirements

5.1 Were the +securities issued under an exception in Listing Rule 7.2 and therefore the issue did not need any security holder approval under Listing Rule 7.1? Yes

5.1a Select the number of the applicable exception in Listing Rule 7.2

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