An anonymous director reports

CLASS ACTION UPDATE

Paladin Energy Ltd. refers to its news release dated April 16, 2025, regarding a class-action proceeding in the Supreme Court of Victoria.

Paladin has become aware that another class-action law firm intends to file proceedings against Paladin in the Supreme Court of Victoria involving similar claims to the existing class-action proceedings, except that the allegations relate to the period between June 27, 2024, and March 25, 2025.

Paladin intends to strongly defend any proceedings in relation to these matters, if they are commenced.