Paladin Energy Ltd: Appointment of Director-Mr Wendong Zhang

PERTH, WESTERN AUSTRALIA--(Marketwired - Nov 25, 2014) - Paladin Energy Ltd (TSX:PDN)(ASX:PDN) ("Paladin" or the "Company"), advises that, following completion of the HOPU placement, the Board is pleased to advise that it has now appointed Mr Wendong Zhang as a non-executive director of Paladin.

Mr Zhang joined HOPU in 2012 and is a Senior Managing Director, Head of International primarily focused on international cooperation and outbound investments. With 23 years of experience in financial services and international capital markets, Mr Zhang was among the first generation Chinese bankers on Wall Street working with Morgan Stanley, UBS and Citi across New York, Hong Kong and Beijing. He also co-founded two boutique investment advisory firms focusing on China opportunities. Mr Zhang has completed advisory, financing and investment transactions for local clients, and established relationships with leading players in various sectors including conventional energy, nuclear utilities and natural resources.

Between 1991 and 2000, Mr Zhang worked at Morgan Stanley and in 1992 he was transferred from New York to Hong Kong and became one of the first members of the firm's China investment banking team, with a primary focus and responsibility on international bond issuance by China's Ministry of Finance and major financial institutions, as well as advising global clients in China. In 1994, his focus expanded to include IPO and financing transactions for many large Chinese state owned enterprises. Between 2004 and 2006, he was co-Head of China investment banking for UBS and led the development and execution of more than $3bn of financing and advisory transactions in energy, natural resources and financial services. Between 2007 and 2008, Mr Zhang was responsible for deal origination and execution of China investment banking business at Citi, primarily focused on the private sector and completing more than $1bn of financing and advisory transactions in natural resources, energy, chemical and media.

Mr Zhang graduated from Dartmouth College in 1991 with a B.A. in Engineering and Economics. He is 45 years old.

An Appendix 3X in relation to Mr Zhang's appointment may be found here.

ACN 061 681 098