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Mon 12 Oct 2009, 17:45 PLD - Paladin - Results Of The Rights Offer
PLD   PLDN
PLD                                                                             
PLD - Paladin - Results Of The Rights Offer                                     
PALADIN CAPITAL LIMITED                                                         
Incorporated in the Republic of South Africa                                    
(Registration number: 2007/032836/06)                                           
Share Code: PLD                                                                 
ISIN Number: ZAE000138970                                                       
LA Share Code: PLDN                                                             
LA ISIN Number: ZAE000139119                                                    
("Paladin" or "the Company")                                                    
RESULTS OF THE RIGHTS OFFER                                                     
Further to the announcements dated 26 August 2009 and 4 September 2009 regarding
the renounceable rights offer made by Paladin to its shareholders ("the Rights  
Offer"), Paladin shareholders are advised that the results of the Rights Offer, 
which closed at 12:00 on Friday, 9 October 2009, are as follows:                
                             Number of     % of Rights Offer                    
Rights Offer  shares                               
                             shares                                             
Total number of Rights Offer  128 205 128   100.00%                             
shares available for                                                            
subscription                                                                    
Rights Offer shares           126 327 720   98.54%                              
subscribed for                                                                  
Total number of unsubscribed  1 877 408     1.46%                               
Rights Offer shares placed                                                      
with identified third                                                           
parties                                                                         
Total                         128 205 128   100.00%                             

                                                                                
The Paladin Board wishes to thank its shareholders for their support of the     
Rights Offer.                                                                   
Holders of certificated shares will have new share certificates posted to them  
and Central Securities Depository Participant ("CSDP") or broker accounts will  
be updated and debited on or about Monday, 12 October 2009.                     
Stellenbosch                                                                    
12 October 2009                                                                 
Designated Advisor:  Questco Sponsors (Pty) Ltd                                 
Corporate Advisor: PSG Capital                                                  
Date: 12/10/2009 17:45:01 Produced by the JSE SENS Department.                  
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