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Press release from Marketwire

Paladin Energy: New Substantial Shareholder

Tuesday, November 20, 2012

Paladin Energy: New Substantial Shareholder09:30 EST Tuesday, November 20, 2012PERTH, WESTERN AUSTRALIA--(Marketwire - Nov. 20, 2012) -Paladin Energy Ltd ("Paladin" or "the Company") (TSX:PDN)(ASX:PDN) announced that the Company has been notified today that the Government of Singapore Investment Corporation Pte Ltd had become a substantial shareholder under the Australian Corporations Act advising it had reached a shareholding of 42,305,573 shares representing 5.05548% of the Company's issued capital.ACN 061 681 098FOR FURTHER INFORMATION PLEASE CONTACT: Contact Information: Paladin Energy LtdJohn BorshoffManaging Director/CEO+61-8-9381-4366 or Mobile: +61-419-912-571john.borshoff@paladinenergy.com.auPaladin Energy LtdGreg TaylorInvestor Relations Contact+1 905 337-7673 or Mobile: +1 416-605-5120 (Toronto)greg.taylor@paladinenergy.com.au