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Wed 2 May 2012, 10:27 AEA - African Eagle Resources plc - Shareholding update
AEA
AEA                                                                             
AEA - African Eagle Resources plc - Shareholding update                         
African Eagle Resources plc                                                     
Incorporated in England and Wales                                               
(Registration number 3912362)                                                   
(AIM share code: AFE   AIM ISIN: GB0003394813)                                  
(JSE share code: AEA   JSE ISIN: GB0003394813)                                  
("African Eagle" or the "Company")                                              
SHAREHOLDING UPDATE                                                             
African Eagle Resources plc (AIM: AFE; AltX: AEA) was notified on April 30,     
2012 that as a result of the Company`s recent placing, the International        
Finance Corporation ("IFC") now holds a total of 78,009,570 ordinary shares     
in the Company which represents approximately 11.24% of the total voting        
rights of the Company. Prior to the placing, IFC held 45,509,570 ordinary       
shares.                                                                         
The above notification was made by IFC pursuant to the FSA`s Disclosure and     
Transparency Rules.                                                             
African Eagle Resources plc (AIM: AFE; AltX: AEA) was notified on April 30,     
2012 that as a result of the Company`s recent placing Allard Services Ltd       
now holds a total of 78,530,761 ordinary shares in the Company which            
represents approximately 11.32% of the total voting rights of the Company.      
Prior to the placing, Allard held 46,030,761 ordinary shares.                   
The above notification was made by Allard pursuant to the FSA`s Disclosure      
and Transparency Rules.                                                         
About African Eagle                                                             
African Eagle Resources plc is a junior mining explorer and developer with      
development projects in Tanzania and Zambia.  The Company`s flagship project    
is the Dutwa Nickel project in Tanzania located about 25km south of Lake        
Victoria and 110km east of Mwanza within greenstone gold belts which host       
many of Tanzania`s operating and developing gold mines.  The Company is         
quoted on the AIM market of the London Stock Exchange (AIM: AFE) and on the     
AltX of the Johannesburg Stock Exchange (AltX: AEA).                            
For further information:                                                        
Please visit the Company`s website: www.africaneagle.co.uk or contact:          
African Eagle Resources plc                                                     
Andrew Robertson (Company Secretary)                                            
Yasumi Toyoda (Investor Relations)                                              
+44 20 7248 6059                                                                
Canaccord Genuity Limited                                                       
Rob Collins                                                                     
Andrew Chubb                                                                    
+ 44 207 523 8000                                                               
Ocean Equities Limited                                                          
Guy Wilkes                                                                      
+44 20 7786 4370                                                                
Russell & Associates, Johannesburg                                              
Charmane Russell                                                                
Marion Brower                                                                   
+27 11 8803924                                                                  
Sponsor                                                                         
Merchantec Capital                                                              
Date                                                                            
2 May 2012                                                                      
Date: 02/05/2012 10:27:09 Produced by the JSE SENS Department.                  
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