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Press release from Marketwire

Paladin Energy Completes Repayment of US$325M Convertible Bond

Wednesday, March 13, 2013

Paladin Energy Completes Repayment of US$325M Convertible Bond07:30 EDT Wednesday, March 13, 2013PERTH, WESTERN AUSTRALIA--(Marketwire - March 13, 2013) - Paladin Energy Ltd ("Paladin" or "the Company") (TSX:PDN)(ASX:PDN) is pleased to advise it has repaid in full the outstanding balance of the US$325M Convertible Bonds (ISIN: XS0349087451) issued March 11, 2008, which were listed on the Singapore Exchange Securities Trading Limited. US$191M of this was previously repaid via a Tender Buyback, which settled May 29, 2012.The outstanding balance of US$134M was repaid on March 11, 2013 (the Maturity Date).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.auwww.paladinenergy.com.au