PALADIN<0495> - Announcement

The  Stock  Exchange of Hong Kong Limited takes no responsibility for
the  contents of this announcement, makes no representation as to its
accuracy  or  completeness  and  expressly disclaims any liability
whatsoever  for  any loss howsoever arising from or in reliance upon
the whole or any part of the contents of this announcement.

PALADIN LIMITED
(Incorporated with limited liability in Bermuda)
ANNOUNCEMENT

Delay in issuing interim report for the six months ended
31st December 1999 and exceptional share price movement

-
There is a delay in issuing Interim Results which should
have  been issued on or before 31st March 2000 due to the oversight of
the Company.

-
Interim  Results  will be issued on 8th April 2000 and Interim Report
will be dispatched on 10th April 2000.

-
Stock  Exchange  reserves  its  right  to take appropriate action
regarding the breach of Listing Rules


This  statement  is made at the request of the Stock Exchange of Hong
Kong Limited.

The  board  of directors of Paladin Limited (`the Company') noted the
recent  decreases  in the price of shares of the Company and wish to
state that we are not aware of any reasons for such decreases.

According  to  the  Rules Governing the Listing of Securities on The
Stock  Exchange  of Hong Kong Ltd, the Company is required to make an
announcement  of  the  Interim Results for the six months ended 31st
December 1999 (the `Interim Results') on or before 31st March 2000.

Unfortunately  due  to  pure oversight and forgetfulness the Company
had  missed  the  deadline of 31st March 2000 in making the Interim
Results  announcement.  The  Company  will make the Interim Results
announcement  on  8th  April  2000,  eight days after the official
deadline  and  the  interim  report  for the six months ended 31st
December 1999 is expected to be dispatched by 10th April 2000.

The  Stock  Exchange of Hong Kong Ltd has indicated that the delay in
publication  of  the Interim Results will constitute a breach of the
Listing  Rules  and  the  Stock Exchange reserves its right to take
appropriate action regarding the breach.

Directors  of  the  Company confirm that they have not dealt in the
shares  of the Company since 31st December 1999 up to the date of the
announcement  and also undertake that they will not deal in the shares
of the Company until the publication of the Interim Results.

We  confirm that there is nothing exceptional or extraordinary in the
Company's  business  or  finance that caused the delay in making the
announcement.  The  Company  has  also  no intention whatsoever to
influence  the share price of the Company through the delay in making
the Interim Results announcement.

We  confirm  that there are no negotiations or agreements relating to
intended  acquisitions  or realisations which are discloseable under
Paragraph  3  of the Listing Agreement, neither is the Board aware of
any  matter  discloseable  under  the general obligation imposed by
Paragraph  2  of  the  Listing  Agreement which is or may be of a
price-sensitive nature.

The  statement  is made by the order of the Board of Paladin Limited
the  directors of which individually and jointly accept responsibility
for the accuracy of this statement.

                               By order of the Board
                               Paladin Limited
                               Charles Wong  
                               Director & Secretary                     
                                                             
Hong Kong, 5th April 2000