General Announcement::Kayelekera Production Ceases - C and M Begins

Issuer & Securities

Announcement Title: General Announcement
Date &Time of Broadcast: 04-Jun-2014 13:56:48
Status: New
Announcement Sub Title: Kayelekera Production Ceases - C and M Begins
Announcement Reference: SG140604OTHR0CUF
Submitted By (Co./ Ind. Name): Paladin Energy Ltd
Designation: Felicity Evans
Effective Date and Time of the event: 27/05/2014 17:00:00
Description (Please provide a detailed description of the event in the box below): On 7 February 2014 Paladin Energy Ltd ( Paladin or the Company ) advised its Kayelekera Mine in
Malawi was to be placed on Care and Maintenance (C&M) status due to reasons beyond the
Company s control and related to the depressed uranium prices. The Company stated at the time that
processing of ore would continue during a rundown phase until reagents and consumables on site had
been depleted, anticipated to be by April/May of this year.

Total size =29K