Paladin Energy : Proposed issue of securities - PDN

Proposed issue of securitiesAnnouncement Summary

Entity name

PALADIN ENERGY LTD

Announcement Type New announcement

Date of this announcement 31/3/2022

The Proposed issue is:

An offer of securities under a securities purchase planA placement or other type of issue

Total number of +securities proposed to be issued for an offer of securities under a securities purchase plan

+Record date 30/3/2022

Offer closing date 26/4/2022

+Issue date 3/5/2022

Total number of +securities proposed to be issued for a placement or other type of issue

Refer to next page for full details of the announcementProposed issue of securities

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Proposed issue of securities

Part 1 - Entity and announcement details

1.1 Name of +Entity

PALADIN ENERGY LTD

For personal use only

We (the entity named above) give ASX the following information about a proposed issue of +securities and, if ASX agrees to +quote any of the +securities (including any rights) on a +deferred settlement basis, we agree to the matters set out in Appendix 3B of the ASX Listing Rules.

If the +securities are being offered under a +disclosure document or +PDS and are intended to be quoted on ASX, we also apply for quotation of all of the +securities that may be issued under the +disclosure document or +PDS on the terms set out in Appendix 2A of the ASX Listing Rules (on the understanding that once the final number of +securities issued under the +disclosure document or +PDS is known, in accordance with Listing Rule 3.10.3C, we will complete and lodge with ASX an Appendix 2A online form notifying ASX of their issue and applying for their quotation).

1.2 Registered Number Type ABN

Registration Number 47061681098

1.3 ASX issuer code PDN

1.4 The announcement isNew announcement

1.5 Date of this announcement 31/3/2022

1.6 The Proposed issue is:

An offer of +securities under a +securities purchase planA placement or other type of issue

Proposed issue of securities

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Proposed issue of securities

Part 4 - Details of proposed offer under securities purchase plan

For personal use only

Part 4A - Conditions

4A.1 Do any external approvals need to be obtained or other conditions satisfied before the offer of +securities under the +securities purchase plan issue can proceed on an unconditional basis?

No

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Proposed issue of securities

Part 4B - Offer details

Class or classes of +securities that will participate in the proposed issue and class or classes of +securities proposed to be issued

For personal use only

ASX +security code and description

PDN : ORDINARY FULLY PAID

Will the proposed issue of this +security include an offer of attaching +securities?

No

Details of +securities proposed to be issued

ASX +security code and description

PDN : ORDINARY FULLY PAID

Maximum total number of those +securities that could be issued if all offers under the +securities purchase plan are accepted

20,833,333

Will the offer be conditional on applications for a minimum number of +securities being received or a minimum amount being raised (i.e. a minimum subscription condition)?

No

Will the offer be conditional on applications for a maximum number of +securities being received or a maximum amount being raised (i.e. a maximum subscription condition)?

No

Will individual security holders be required to accept the offer for a minimum number or value of +securities (i.e. a minimum acceptance condition)?

Yes

Is the minimum acceptance unit based or dollar based?

Dollar based ($)

Please enter the minimum acceptance value $ 1,000

Will individual security holders be limited to accepting the offer for a maximum number or value of +securities (i.e. a maximum acceptance condition)?

Yes

Is the maximum acceptance unit based or dollar based?

Dollar based ($)

Please enter the maximum acceptance value $ 30,000

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Proposed issue of securities

Describe all the applicable parcels available for this offer in number of securities or dollar value $1,000, $2,500, $5,000, $7,500, $10,000, $15,000, $20,000, $25,000 or $30,000

Offer price details

Has the offer price been determined?

Yes

For personal use only

Oversubscription & Scale back details

Will a scale back be applied if the offer is over-subscribed?

Yes

Describe the scale back arrangements

To the extent Paladin determines to scale back the number of shares that will be issued under the share purchase plan, Paladin intends to do so having regard to the pro-rata shareholding of the eligible shareholders (as at the record date) who have applied for shares under the SPP (subject to any minimum dollar allocation determined by Paladin in its absolute discretion).

Will these +securities rank equally in all respects from their issue date with the existing issued +securities in that class?

Yes

Part 4C - Timetable

4C.1 Date of announcement of +security purchase plan

31/3/2022

4C.2 +Record date

30/3/2022

4C.3 Date on which offer documents will be made available to investors 6/4/2022

4C.4 Offer open date 6/4/2022

4C.5 Offer closing date 26/4/2022

4C.7 +Issue date and last day for entity to announce results of +security purchase plan offer 3/5/2022

Proposed issue of securities

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