AFRICAN EAGLE RESOURCES PLC - Block Listing Review

Block Listing Review

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”)


Block Listing Review



 Name of scheme:                                       Employee Share Option Scheme

 Period of return:                                     12 July 2013 – 11 January 2014

 Balance under scheme from previous return:            5,000,000

 The amount by which the block scheme has been         Nil
 increased, if the scheme has been increased
 since the date of the last return:

 Number of securities issued/allotted under            Nil
 scheme during period:

 Number of securities under the scheme which           Nil
 expired during the period: 

 Balance under scheme not yet issued/allotted at       5,000,000 ordinary shares of 0.1p each
 end of period:

 Number and class of securities originally listed      5,000,000 ordinary shares of 1p on 11 July 2011
 and the date of admission:

 Total number of securities in issue at the end of     871,157,261
 the period:

Note: Ordinary Shares of 1p each were subdivided at close of business on 24 June 2013 into Ordinary
Shares of 0.1p each and Deferred Shares of 0.9p each. The total number of Ordinary Shares remains
the same as before the subdivision.

For further information please contact:

African Eagle Resources plc
Robert McLearon, Managing Director
+44 20 7002 5356

Strand Hanson Limited (NOMAD)
Stuart Faulkner
James Dance
+ 44 20 7409 3494

Ocean Equities Limited (Broker)
Guy Wilkes
+44 20 7786 4370

Sponsor
Merchantec Capital

13 January 2014

A copy of this announcement will be available on the Company's website at www.africaneagle.co.uk as
soon as possible. The content of the website referred to in this announcement is not incorporated into
and does not form part of this announcement.

Date: 13/01/2014 09:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.