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Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities 1 / 6 Announcement Summary Entity name

Share Capital & Compensation

Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities

Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities 1 / 6

Announcement Summary

Entity name

PALADIN ENERGY LTD

Date of this announcement

Friday March 07, 2025

The +securities the subject of this notification are:

Total number of +securities to be issued/transferred

ASX +security

code Security description

Total number of

+securities to be

issued/transferred Issue date

PDNAP PERFORMANCE RIGHTS 417,344 05/03/2025

Refer to next page for full details of the announcement

+Other securities issued under an +employee incentive scheme that are not intended to be quoted on ASX

Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities

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Part 1 - Entity and announcement details

1.1 Name of entity

PALADIN ENERGY LTD

We (the entity named above) give notice of the issue, conversion or payment up of the following unquoted +securities.

1.2 Registered number type

ABN

Registration number

47061681098

1.3 ASX issuer code

PDN

1.4 The announcement is

1.5 Date of this announcement

7/3/2025

New announcement

Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities

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Part 2 - Issue details

2.1 The +securities the subject of this notification are:

2.2a This notification is given in relation to an issue of +securities in a class which is not quoted on ASX and

which:

has an existing ASX security code ("existing class")

+Other securities issued under an +employee incentive scheme that are not intended to be quoted on ASX

Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities

Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities 4 / 6

Part 3B - number and type of +securities the subject of this notification (existing class) where issue has not previously been notified to

ASX in an Appendix 3B

ASX +security code and description

PDNAP : PERFORMANCE RIGHTS

Date the +securities the subject of this notification were issued

5/3/2025

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

+securities in that class

Were any of the +securities issued to +key management personnel (KMP) or an +associate?

Provide details of the KMP or +associates being issued +securities.

Name of KMP Name of registered holder Number of +securities

Mr Ian Purdy Mr Ian Purdy 67,068

Mr Paul Hemburrow Mr Paul Hemburrow 36,432

Ms Anna Sudlow Ms Anna Sudlow 34,935

Mr Alex Rybak Mr Alex Rybak 28,948

Ms Melanie Williams Ms Melanie Williams 35,042

Please provide a URL link for a document lodged with ASX detailing the terms of the +employee incentive scheme

or a summary of the terms

https://www.paladinenergy.com.au/wp-content/uploads/2023/11/2023-Employee-and-Contractor-Performance-Share-Righ

ts-Plan-Approved-15-November-2023.pdf

Any other information the entity wishes to provide about the +securities the subject of this notification

Issue details

Number of +securities

417,344

Yes

Yes

Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities

Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities 5 / 6

Part 4 - +Securities on issue

Following the issue, conversion or payment up of the +securities the subject of this notification, the +securities of

the entity will comprise:

The figures in parts 4.1 and 4.2 below are automatically generated and may not reflect the entity's current issued capital if

other Appendix 2A, Appendix 3G or Appendix 3H forms are currently with ASX for processing.

4.1 Quoted +securities (Total number of each +class of +securities issued and quoted on ASX)

ASX +security code and description

Total number of

+securities on issue

PDN : ORDINARY FULLY PAID 398,959,417

4.2 Unquoted +securities (Total number of each +class of +securities issued but not quoted on ASX)

ASX +security code and description

Total number of

+securities on issue

PDNAP : PERFORMANCE RIGHTS 1,506,418

PDNAD : SHARE APPRECIATION RIGHTS 261,250

Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities

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Part 5 - Other Listing Rule requirements

5.1 Were the +securities issued under an exception in Listing Rule 7.2 and therefore the issue

did not need any security holder approval under Listing Rule 7.1?

5.1a Select the number of the applicable exception in Listing Rule 7.2

13

Yes