PALADIN ENERGY LTD

ACN 061 681 098

Paladin Energy Limited ('Paladin')

Registration No. ACN 061 681 098

Registered as an external company in Namibia

ISIN Code: AU000000PDN8

NSX Share Code: PDN

HALF YEAR FINANCIAL RESULTS FOR THE SIX MONTHS ENDING 31 DECEMBER 2021

Paladin Energy Limited (ASX: PDN) ("Paladin") is pleased to announce its financial results for the six months ended 31 December 2021.

OVERVIEW OF PERFORMANCE

Net loss before income tax from continuing operations (US$'000)

Total comprehensive loss for the year (US$'000) Continued operations - basic and diluted earnings per share (cents)

Discontinued operations - basic and diluted earnings per share (cents)

Number of shares in issue

31 December 2021

31 December 2020

(10,985)(25,231)

(10,986)(25,378)

(0.01)(0.09)

-

-

2,678,839,972 2,043,196,636

FINANCIAL OVERVIEW

  • Net loss from continuing operations of US$11.0M for the six months (net loss of US$25.4M H1FY2021)
  • Unrestricted cash and cash equivalents of US$38.0M as at 31 December 2021 with no corporate debt
  • Cash expenditure of US$5.6M for the six months (US$4.6M H1 FY2021)
  • There is no change in the expected full year cash expenditure of US$12.2M as Paladin focuses attention on exploring value enhancement opportunities at the Langer Heinrich Mine and across the Company's broader asset portfolio.

SHORT FORM ANNOUNCEMENT

This short form announcement is the responsibility of the directors. It is only a summary of the information contained in the full announcement and does not contain full or complete details.

The full announcement can be found on the company website at:

https://wcsecure.weblink.com.au/clients/paladinenergy/headline.aspx?headlineid=61078814

and via the NSX linkhttps://senspdf.jse.co.za/documents/2022/nsx/isse/pdn/pdn31dec21.pdf

By order of the Board of Directors

Andrea Betti

Company Secretary

25 February 2022

Registered Office

Erf 3981B

Extension 10

New Industrial Area

Swakopmund

Namibia

Sponsor

IJG Securities (Pty) Ltd Member of the NSX

4th Floor, 1@Steps, C/O Grove and Chasie Street, Klein Kuppe P O Box 186, Windhoek, Namibia

Registration No. 95/505

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Disclaimer

Paladin Energy Ltd. published this content on 25 February 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 25 February 2022 10:31:03 UTC.