AFRICAN EAGLE RESOURCES PLC - Shareholding Update

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 (“African Eagle” or “the Company”, ticker AIM: AFE; AltX: AEA) was notified
on 20 February 2013 that as at 8 February 2013, Vestra Wealth LLP, held a total of 19,851,358 ordinary
shares in the Company which, as at that date, represented approximately 2.86% of the total voting rights
of the Company. The 19,851,358 ordinary shares conferring these voting rights are registered in the
name of Vestra Nominees Ltd, a wholly owned subsidiary of Vestra Wealth LLP.


For further information, please visit www.africaneagle.co.uk or contact:

African Eagle Resources plc
Trevor Moss, CEO
Alex Buck
+44 20 7248 6059

Canaccord Genuity Limited (NOMAD and Joint Broker)
Andrew Chubb
+ 44 20 7523 8000

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

Russell & Associates, Johannesburg
Charmane Russell or Marion Brower
+27 11 880 3924

Sponsor
Merchantec Capital

20 February 2013

Date: 20/02/2013 05:00:00 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.