Paladin Energy Ltd
TSX : PDN
ASX : PDN

Paladin Energy Ltd

February 20, 2008 10:21 ET

Paladin Energy Ltd up to US$325M of Convertible Bonds Presentation

PERTH, WESTERN AUSTRALIA--(Marketwire - Feb. 20, 2008) -

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.

Paladin Energy Ltd ("Paladin" or the "Company") (TSX:PDN)(ASX:PDN). In connection with the issue of US$325M of senior, unsecured convertible bonds due 2013 ("Convertible Bonds") announced in two news releases today, Paladin is pleased to provide a PowerPoint presentation, which may be found at:

http://paladinenergy.com.au/Portals/0/08.02.20_Convertible_Bond_Presentation.pdf

In connection with this issue Citi and/or UBS may effect transactions with a view to supporting the market price of the Convertible Bonds at a level higher than that which might otherwise prevail for a limited period after the issue date. However, there may be no obligation on Citi and/or UBS or any agent thereof to do this. Such stabilising, if commenced, may be discontinued at any time and must be brought to an end after a limited period.

NOTHING IN THIS DOCUMENT CONSTITUTES AN OFFER OF SECURITIES FOR SALE IN ANY JURISDICTION WHERE IT IS UNLAWFUL TO DO SO. THE CONVERTIBLE BONDS OF PALADIN ENERGY LIMITED HAVE NOT BEEN, AND WILL NOT BE, REGISTERED UNDER THE US SECURITIES ACT, OR THE SECURITIES LAWS OF ANY STATE OF THE UNITED STATES. THE CONVERTIBLE BONDS MAY NOT BE OFFERED, SOLD OR OTHERWISE TRANSFERRED EXCEPT IN COMPLIANCE WITH THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT AND ANY OTHER APPLICABLE SECURITIES LAWS OR PURSUANT TO AN EXEMPTION FROM, OR IN A TRANSACTION NOT SUBJECT TO, THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT AND ANY OTHER APPLICABLE SECURITIES LAWS.

Caution Regarding Forward Looking Statements: Statements in this news release, including regarding expansion and progression of the Company's projects and the establishment of a uranium marketing arm, are forward-looking statements. Forward-looking statements are subject to risks and uncertainties that may cause actual results to differ from those expressed or implied by such statements. There can be no guarantee such statements will be realised. In particular, there can be no assurance that Paladin will be able to successfully build, develop and operate its uranium mines or successfully operate a uranium marketing arm or that it will be able to raise the funds necessary to complete such tasks. Furthermore, there can be no assurance that if completed, any mine will be profitably operated. Reference should be had to Paladin's public disclosure documents, including its most recent Annual Information Form, which are available under Paladin's profile at www.sedar.com, for a discussion of risk factors affecting the Company.

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