Paladin Energy Ltd

Paladin Energy Ltd

December 14, 2010 07:30 ET

Paladin Energy: Takeover Bid for NGM Resources Limited-Allotment of Shares

PERTH, WESTERN AUSTRALIA--(Marketwire - Dec. 14, 2010) - Paladin Energy Ltd (Paladin) (TSX:PDN)(ASX:PDN) wishes to note its off-market takeover bid for all of the fully paid ordinary shares in NGM Resources Limited (NGM), which closed at 5.00pm (WST) on November 5, 2010. The compulsory acquisition period is now complete and the Company advises that, further to the Appendix 3B dated September 9, 2010, a final allotment was made on December 10, 2010 of 222,234 fully paid ordinary shares in Paladin.

The total number of shares allotted in respect of the off-market takeover bid for NGM is 7,116,001.

The total number and class of all securities listed on the ASX (including the securities above) is 725,579,320.

A.C.N. 061 681 098

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