PALADIN ENERGY LTD (PDN)

The suspension of trading in the securities of Paladin Energy Limited will be lifted immediately, following the release by PDN of an announcement regarding a placement.

The company has received binding commitments from qualified, institutional and sophisticated investors to subscribe for a total of 262,812,641 ordinary fully paid shares at an issue price of 11.5 cents per share to raise A$30.2M. The issue price under the Placement of 11.5 cents per share represented a 14.8% discount to the closing price of Paladin shares on the Australian Securities Exchange of 13.5 cents on 10 September 2019.

The securities of Paladin Energy Limited ("˜PDN') will be suspended from quotation immediately under Listing Rule 17.2, at the request of PDN, pending the release of an announcement regarding a capital raising.

The securities of Paladin Energy Limited will be reinstated to official quotation as from 10am (AEDT) on Friday, 16 February 2018 on a deferred settlement basis following the completion by the Company of a recapitalisation.

Marenica Energy Limited advised the market on 29 August 2017 that it had received ore samples collected from the Langer Heinrich uranium mine in Namibia and that Marenica would undertake amenability testwork on the samples using its patented U-pgrade beneficiation process. Langer Heinrich is 75% owned by Paladin Energy Limited.

Paladin Energy Ltd sends a letter to all shareholders today together with a copy of their holding statement reflecting their post-restructure shareholding.

One condition for the reinstatement of the company's securities requires Paladin to provide an update in regards to the risk that CNNC may issue an appraisal notice and purchase Paladin's interest in the Langer Heinrich Mine. In the event that entering into the DOCA triggered COUH's option, COUH had 60 days to issue an appraisal notice requiring a valuation process by an independent expert as the first step towards potentially exercising the option. The applicable 60 day period ended on Tuesday, 6 February 2018 and Paladin did not receive an appraisal notice from COUH.

Paladin notes that the transfer of the Canadian Register has taken effect and all shares on the Canadian Register have been transferred to the Australian Ordinary Share Register. All shareholders who held shares on the Canadian Register will be issued a new holding statement reflecting their shareholding on the Australian Register. Due to the transfer of Paladin shares to creditors and other investors, shareholders will now only retain 2% of the shares they held prior to the restructure.

The company releases the offering circular which was prepared in connection with the listing of the US$115,000,000 new notes on the Singapore Stock Exchange. The offer for new notes was fully subscribed and the new notes have now been issued. The offering circular was finalised while Paladin remained subject to the DOCA on 1 February 2018.

The company has formally applied for its securities to be reinstated to official quotation. The reinstatement of Paladin's securities remains subject to the satisfaction of ASX's conditions to reinstatement and is at ASX's discretion. Paladin anticipates that its securities will be reinstated to trading on a deferred settlement basis on Friday, 16 February 2018.

The company releases a Corporate Governance Statement.

The company releases an Appendix 4G.

The DOCA has been fully effectuated, the deed administrators have retired, the DOCA has terminated in accordance with its terms and the day to day management and control of Paladin has reverted to the company's directors.

Due to delays in the satisfaction of some of the implementation conditions to the DOCA, the DOCA will no longer be implemented today. Certain dates in the DOCA, including the End Date of 31 January 2018, are being extended by agreement between the proponents of the proposed restructure and the deed administrators. It is now anticipated that all remaining conditions will be satisfied on or before Friday, 2 February 2018.

The company made a correction to its 30 June 2017 annual report.

The company lodges its Quarterly Activities Report for Period Ending 31 Dec 2017.

The company lodges its Quarterly Activities Report for Period Ending 30 Sept 2017.

The company lodges its Quarterly Activities Report for Period Ending 30 June 2017.

The company lodges its 30 June 2017 Annual Report.

The Implementation Conditions to the DOCA have now been fulfilled other than receipt in escrow of the full US$115m New Note Funds and the ASX conditions to reinstatement having been met, both of which are expected to be fulfilled on or before 31 January 2018. Paladin confirms that subject to these remaining conditions being fulfilled or waived, the DOCA can be effectuated on 31 January 2018. The Majority Existing Bondholders and Deed Administrators have agreed the following DOCA dates: Record Date: 25 January 2018 ; Final Escrow Date: 30 January 2018; Implementation Date: 31 January 2018.

The s444GA court application, a condition required for the implementation of the DOCA, was heard by Justice Black on 16 January 2018 at the Supreme Court of New South Wales. Justice Black has today delivered judgment, granting leave for the application and approving the transfer. A copy of Justice Black's orders is attached to this announcement. Two shareholders of Paladin appeared at the hearing as interested persons with leave of the Court and made submissions in opposition to the s444GA application. The DOCA still remains subject to other outstanding conditions which the Deed Administrators are working to satisfy by the end of January 2018.

Paladin, announces that it has given notice to Computershare Investor Services Inc to close the Company's Canadian Ordinary Share Register held by Computershare Canada. The effective date of the termination and closing of the Canadian Register is 3 February 2018. As a result, no further share movements can occur between the Canadian and Australian registers after 23 January 2018 and all shares remaining on the Canadian Register will be automatically transferred to the Australian Ordinary Share Register.

ASIC has made an order granting the companies the requested financial reporting relief until the earlier of: the date on which a disclosure document is lodged with ASIC in relation to any offer for the issue or sale of securities that needs disclosure to investors under Chapter 6D of the Corporations Act; 3 March 2018; and the date that the Companies cease to have an external administrator appointed. The order allows Paladin additional time to finalise and publish its audited financial statements for the year ended 30 June 2017.

A directions hearing was held this morning in the Supreme Court of New South Wales where various procedural and timetabling orders were made. A final hearing date has now been set for 10am (AEDT) on 16 January 2018 before Justice Black at the Supreme Court of New South Wales, Queens Square, Sydney. In relation to the DOCA, the US$115 million is now fully underwritten. Receipt of the subscription funds will occur once the DOCA takes effect. Paladin is working to satisfy the remaining outstanding conditions to the DOCA by the end of January 2018. Also, DB has given the company notice that it has assigned portions of its acquired claims to other funds. Less than 10% of the acquired claims have been assigned.

The company releases its Explanatory Statement and Independent Experts Report.

Electricité de France S.A. has sold its claims against Paladin, including its claims against the certain Canadian subsidiaries that own 60.1% of the Michelin Project. Paladin understands that the claims have been sold to Deutsche Bank AG, who may seek to sell down some or all of the purchased claims to other investors. Paladin is yet to receive specific details of the sale. Accordingly, EDF is no longer a creditor of Paladin and its subsidiaries and has withdrawn its opposition to the deed of company arrangement dated 8 December 2017. Paladin is pleased to announce that it has now received a waiver of ASX Listing Rule 10.1 to permit certain subscribers in the New Notes Issue, who may become substantial shareholders of Paladin, to obtain the benefit of the security that will be granted over Paladin's assets without shareholder approval.

The final directions hearing date has not yet been set and a further hearing has been scheduled for 2 January 2018.

The proposal received from Paladin's bondholders is the only restructure proposal that has been received by the deed administrators to date. If this proposal fails, the most likely alternative is the liquidation of Paladin, which requires any property (and assets) of Paladin to be used to pay Paladin's creditors before there is any payment to shareholders. A final hearing date has not yet been set and a further directions hearing has been scheduled for 21 December 2017, where a final hearing date will be sought from the Court and a timetable will be set for preparation of the matter for final hearing. It is expected that the Court will set a final hearing date for early to mid-January 2018. Also, it is anticipated that the Explanatory Statement and Independent Expert's Report will be made available to shareholders shortly. Paladin also provides an update on several company matters.

The company advises cancellation of some share appreciation rights.

A directions hearing was held this morning in the Supreme Court of New South Wales where various procedural and timetabling orders were sought from the Court in relation to the conduct of the proceeding. Paladin advises that a final hearing date has not yet been set and a further directions hearing has been scheduled for 21 December 2017.

At the second meeting of creditors, the creditors of each of the companies resolved to execute the proposed DOCAs. The respective companies have executed the DOCAs.

The administrators have received a letter from EDF rejecting the administrators' conclusion in its report to creditors that the proposed DOCA is in the creditors' interests. EDF has also claimed that the proposed DOCA is unfairly prejudicial to it and has foreshadowed that it may seek to have the DOCA terminated if creditors resolve that the DOCA be executed.

The company releases a letter to its shareholders. The administrators have received a proposal from a group of Paladin's unsecured bondholders to implement a capital restructure of Paladin. The restructure is to be implemented pursuant to the terms of a DOCA. The creditors of Paladin will meet on 7 December 2017 to consider, amongst other things, whether the DOCA should be entered into. It is a condition to completion of the transaction described in the DOCA that the Administrators obtain a Court order pursuant to section 444GA of the Corporations Act 2001. The directions hearing in the proceeding is tentatively listed for 12 December 2017. At this hearing it is expected that the Court will make various procedural and timetabling orders about the conduct of Level 4, 502 Hay Street, Subiaco, Western Australia 6008 Postal: PO Box 201, Subiaco, Western Australia 6904 Tel: +61 (8) 9381 4366 Fax: +61 (8) 9381 4978 Email: paladin@paladinenergy.com.au Website: www.paladinenergy.com 2 the proceeding. The substantive hearing (at which the Court will determine whether to make the s444GA Order) is expected to be listed for 21 December 2017.

To date, the only proposal received by the Administrators is from a group of Paladin's unsecured bondholders who have formed themselves into an "˜Ad-Hoc Committee' and propose to restructure the Companies' debt, and have Paladin reinstated to quotation on ASX, pursuant to the terms of a DOCA. In a report issued to creditors on 30 November, the administrators experss that in their opinion it is in the creditors' interests for Paladin to executed the proposed DOCA. The second meetings of creditors of the Companies' will be held concurrently at the office of KPMG, Level 8, 235 St Georges Terrace, Perth, WA on 7 December 2017 at 2.00pm (AWST).

Several of PEL's subsidiaries have given guarantees in respect of PEL's obligations under the LTSA and provided security over their interests in the Michelin Project. EDF has now issued a demand under these guarantees and is seeking to exercise its security. PEL is currently assessing the validity of the demand issued by EDF and will provide the market with updates as they become available.

EDF has now given notice terminating the LTSA on the basis that PEL had failed to repay approximately US$277m by 9 October 2017, being the due date for cure of the default. EDF remains a creditor in the administration.

On 21 September 2017, the Federal Court of Australia made orders extending the convening period within which the administrators must convene the second meeting of creditors of the companies to on or before 31 January 2018.

Ore samples collected from the Langer Heinrich uranium mine in Namibia have been received in Perth and testwork will commence immediately. The Company expects the testwork program to be completed early in the December quarter 2017.

Under the shareholders agreement with Paladin Finance, COUH has until the end of the day on 21 August 2017 to exercise the potential option in favour of the CNNC Overseas Uranium Holding. COUH has informed Paladin that it has decided not to exercise the potential option. Paladin expects its shares to remain in trading suspension for at least such time as it takes to resolve the administration process and potentially longer.

On 28 July 2017, the Federal Court of Australia made orders extending the convening period within which the administrators must convene the second meeting of creditors of the companies to on ord before 29 September 2017. The administrators may hold the second meeting of creditors any time during or within 5 business days after the extended period subject to the relevant provisions under the Act.

The administrators entered into agreements with Deutsche Bank AG, London Branch to: fund working capital for the Langer Heinrich Mine; refinance the Nedbank Revolving Credit Facility; and meet the general corporate purposes of the Paladin group.

The company provides an update on the sale of Langer Heinrich. Also, the TSX has determined to delist Paladin's shares effective at the close of market on 10 August 2017. The delisting has been imposed for failure by Paladin to meet the continued listing requirements of the TSX. At the first creditors meeting, the creditors resolved that a committee would be formed comprised of seven persons representing convertible bondholders, Électricité de France, Nedbank and Paladin employees. The administrators are seeking expressions of interest in making a recapitalisation proposal in respect of one or more of the companies.

The board of directors have appointed administrators to the company and the other related companies. Matthew Woods, Hayden White and Gayle Dickerson, each of KPMG have been appointed as Administrators to each of the Relevant Companies. The Company's management and directors remain committed to working with the Administrators on a restructure and recapitalisation of the Company.

EDF has informed Paladin that it is not prepared to enter into a standstill agreement and requires payment of the amount when due on 10 July 2017. The owner of 33% of the 2020 convertible bonds has agreed to extend its forbearance agreements to 30 September 2017 with documentation pending exchange. Accordingly, holders of 88% of the principal outstanding of the 2020 Convertible Bonds have now agreed to forbearance arrangements to 30 September 2017.

The company provides an update on bondholder support, Nedbank and additional financing arrangements.

The company provides an update on the potential sale of Langer Heinrich. CNNC signed the appointment letter of the independent international investment bank who agreed to provide the valuation. Paladin has approached EDF to negotiate the terms of a standstill to defer Paladin's obligation to pay the outstanding amount (being approximately US$277 million) and expects the voluntary suspension to remain until at least the end of June 2017, pending resolution of this matter.

Marenica and Paladin have agreed to conduct an U-pgrade amenability testwork program on low grade ore samples from Paladin's 75%-owned Langer Heinrich Uranium Mine in Namibia.

The securities of Paladin Energy Limited will be suspended from official quotation immediately at the request of the Company, pending the release of an announcement.

The suspension of trading in the securities of Paladin Energy Limited will be lifted from the commencement of trading on 17 May 2017, following the release by the Company of an announcement regarding a restructure proposal.

The company provides an update on its strategic and funding process in relation to the restructure proposal and independent valuation process being undertaken to value Paladin's 75% interest in the Langer Heinrich Mine. It is proposing an alternative for balanche sheet restructuring.

The company will hold a telephone conference at 7:30 Perth, 7:30 Hong Kong and 0:30am London on 17 May 2017 and 19:30 Toronto on 16 May 2017, to give an update on the company's activities.

Paladin will proceed with potential sale of Langer Heinrich. Paladin has now agreed that without any admission of the validity of CNNC's claims and without prejudice to its rights under the LHM Shareholders' Agreement, it will allow an independent valuation process to move forward. The valuation is the first step in a process that may lead to CNNC acquiring Paladin's 75% interest in LHM.

In order to provide the Company with time to resolve the Potential CNNC Option and implement a restructure, Paladin has today launched a consent solicitation procedure seeking approval from holders of the Company's US$274 million convertible bonds (with US$212 million due to be repaid) due 30 April 2017 (2017 Convertible Bonds) to: amend the final maturity date of the 2017 Convertible Bonds from 30 April 2017 to 30 September 2017; and defer the interest payment due on 30 April 2017 to 30 September 2017, with interest to accrue on both the principal outstanding and the accrued and unpaid interest until 30 September 2017.

The company lodges its Quarterly Activities Report for period ending 31 March 2017.

The company made a correction to the previous announcement. The announcement had the percentage of bondholders the wrong way around. Consistent with Paladin's announcement on 23 March 2017, the bondholders subject to standstills agreed previously with the Company are actually 75.1% of holders of 2017 Convertible Bonds and 86.6% of holders of 2020 Convertible Bonds. These standstills remain effective.

Paladin Energy Limited refers its previous announcements regarding its Restructure Proposal, and a potential option in favour of CNNC Overseas Uranium Holdings Ltd which, if validly exercised, could entitle CNNC to acquire Paladin's interest in the Langer Heinrich Mine. Certain bondholders remain subject to standstills agreed previously with the Company, representing 86.6% of holders of 2017 Convertible Bonds and 75.1% of holders of 2020 Convertible Bonds, which remain effective. In order to provide the Company with time to resolve the Potential CNNC Option and progress the Restructure Proposal or a suitable alternative, the Company is negotiating amended standstill deeds with its major bondholders to take account of the recent circumstances. The effect of the standstill arrangements in place is that forthcoming payments due upon maturity of the 2017 Convertible Bonds (due April 2017) and interest payments due under the 2017 and 2020 Convertible Bonds (due March and April 2017) will be deferred with the consent of a binding majority of holders of the two series of bonds. Also, the waiver granted by Nedbank in relation to Paladin falling to satisfy the minimum asset value threshold was due to lapse on 31 March 2017. However, consistent with the ongoing support that Paladin is receiving from its other stakeholders, Nedbank has greed to extend the waiver until 30 June 2017, subject to formal documentation which is now being agreed.

Avira Energy will not be proceeding with the proposed joint venture with Paladin Energy Limited over their Manyingee Mining Leases in North Western Australia. . It has not proved to be possible for Avira to satisfy the financing conditions within the timeframe set out in the Sale of Tenement Agreement signed and announced to the ASX on 15th November 2016.

The minority sale of 30% in Manyingee Project has not completed prior to the mutually agreed drop dead date of 31 March 2017 to satisfy all the conditions to closing. Whilst Avira satisfied a number of conditions, including a positive vote of its shareholders and approval of the Australian Foreign Investment Review Board, it did not close a requisite capital raising within the preagreed timeframe to complete the transaction.

Paladin resolves to commence arbitration proceedings against CNNC.

The company advises cancellation of some Share Appreciation Rights. SARS held by employees are cancelled immediately upon resignation or vest immediately upon employees becoming redundant. The vested SARS for these employees then have 90 days with which to be exercised, after which they lapse and are cancelled.

The securities of Paladin Energy Limited will be suspended from official quotation immediately at the request of the Company, pending the release of an announcement.

The suspension of trading in the securities of Paladin Energy Limited will be lifted immediately following the release of an announcement.

The company notes the announcement it made on 21 July 2016 "Strategic Process Achieves Agreements to Raise Over US$200M" and the article in The Australian newspaper of 25 July 2016 concerning the Company's proposed divestment of a 24% interest in the Langer Heinrich Mine. Paladin is responding to a requirement from ASX under ASX Listing Rule 3.1B to confirm the accuracy of this specific media comment. Paladin confirms that the counter-party to the non-binding terms sheet is CNNC Overseas Uranium Holdings Ltd

Paladin Energy Limited requests that the ASX grant an extension to our voluntary suspension from trading of its securities due to an ASX request for clarification and additional information in relation to the announcement dated 21 July 2016 entitled "Strategic Process Achieves Agreements to Raise Over US$200M". The company requests that the voluntary suspension remain in place until the commencement of normal trading on Monday 1st August 2016 or when the ASX request for further clarification in respect to the above referred announcement is provided.

The securities of Paladin Energy Limited (the "Company") will be suspended from official quotation immediately at the request of the Company, pending the release of an announcement.

The Australian Shareholders Association opposes the ongoing chairmanship of Rick Crabb: Paladin Energy. 19 years without a dividend and $US1.3 billion in losses means it's time for a new chair to be installed.

name changed from Paladin Resources Limited