Paladin Energy Ltd
TSX : PDN
ASX : PDN

Paladin Energy Ltd

December 17, 2010 08:00 ET

Paladin Energy: Exercise of Optional Redemption Right in Relation to Outstanding Convertible Bonds Due 2011

PERTH, WESTERN AUSTRALIA--(Marketwire - Dec. 17, 2010) - Paladin Energy Ltd (Paladin) (TSX:PDN)(ASX:PDN) wishes to note the exercise of its optional redemption right regarding its outstanding 4.50% convertible bonds due 2011 (ISIN XS0277770151).

For further information, please refer to the Company's website (www.paladinenergy.com.au) or to the announcement made to the Singapore Exchange Securities Trading Limited.

A.C.N. 061 681 098

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