NBSX: PDN - Quarterly Report for the Period Ending September 2026

By Namibia Stock Exchange

===================== Quarterly Report for the Period Ending September 2026

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

QUARTERLY REPORT FOR THE PERIOD ENDING SEPTEMBER 2026

Highlights

• Langer Heinrich Mine (LHM) produced 1.00Mlb U3O3 in the quarter, with production reflecting

the planned maintenance shutdown and processing plant recovery at the bottom-end of the

target range due to ore characteristics associated with the mining sequence

• Sales volumes of 1.16Mlb U3O3 at an average realised price of US$79.4/lb U3O3 for the

quarter reflect increasing uranium prices and a higher proportion of market-related sales

during the quarter

• Mutual Benefits Agreement signed with Birch Narrows Dene Nation in respect of the

Patterson Lake South (PLS) Project located in the Athabasca Basin region of Saskatchewan,

Canada

• Administrative Protocol signed with the Canadian Nuclear Safety Commission (CNSC)

targeting completion of hearings for the PLS Project’s Construction Licence application at the

end of calendar year 2027

• Exploration drilling completed at PLS successfully extended mineralisation at the emerging

Atlas and Saloon East discoveries and beyond the current R1515W Mineral Resource at the

Triple R deposit

• Cash and investments of US$209M and an undrawn US$70M Revolving Credit Facility at

quarter end

• Total Recordable Injury Frequency of 4.7 per million hours worked on a 12-month basis

“The quarter has seen steady implementation of our plans in Namibia and Canada. At Langer Heinrich we achieved strong realised prices reflecting the contract book’s leverage to increasing uranium prices. The quarter was impacted by the shutdown and the pit transition, with feed grade, plant performance and in-circuit inventory improving during September. We expect production to increase in the second half of FY2027 and we remain on track to deliver our FY2027 guidance. “Within Canada we have seen progress across a range of activities with the highlight being the signing of the MBA with Birch Narrows Dene Nation, representing our third agreement of this type with Indigenous Nations. The Administrative Protocol with the CNSC provides further reassurance regarding our pathway to a Construction Licence for the PLS Project, while exploration drilling continues to build confidence about the prospectivity of our landholdings at the Project.” This announcement can be viewed at the following link: https://www.paladinenergy.com/wp-content/uploads/2026/10/61349081.pdf

This announcement has been authorised for release by the Board of Directors of Paladin Energy Ltd

By order of the Board of Directors

Melanie Williams Company Secretary

14 October 2026

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 Date: 14/10/2026 09:45:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').

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