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Paladin Energy Ltd: Comment Regarding Lift Capital Partners Pty Ltd & Merrill Lynch International PERTH, WESTERN AUSTRALIA--(MARKET WIRE)--Apr 16, 2008 -- Paladin Energy Limited ("Paladin" or the "Company") (Toronto:PDN.TO - News)(ASX:PDN.AX - News) has been informed by Merrill Lynch that it
has disposed of on market any shares it claims to have acquired
via LIFT Capital Partners Pty Ltd (see Paladin News Release
of April 14, 2008.) Paladin has been informed by Mr Crabb and Ms Swaby that they maintain that at all material times they had beneficial ownership of shares held by a nominee of LIFT Capital Partners Pty Ltd and that they will continue the legal proceedings they commenced to protect their interests in these shares including for repurchase of those shares if these have been sold. Paladin will consider and take appropriate steps to protect the interests of all shareholders. ACN 061 681 098 Contact: Contacts:
Paladin Energy Limited
John Borshoff
Managing Director
+61-8-9381-4366 or Mobile: +61-419-912-571
Email: paladin@paladinenergy.com.au
Paladin Energy Limited
Greg Taylor
Investor Relations Contact
(905) 337-7673 or Cell: (416) 605-5120 (Toronto area)
Email: greg.taylor@paladinenergy.com.au
Website: http://www.paladinenergy.com.au
Source: Paladin Energy Ltd
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