African Eagle Res plc - 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 January 2012  11 July 2012
 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 scheme       Nil
 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
 end of period:

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

 Total number of securities in issue at the end of the   694,014,407
 period:


For further information please contact:

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

Canaccord Genuity Limited (NOMAD and Joint Broker)
Rob Collins or 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

11 July 2012

Date: 11/07/2012 08:00:00 Supplied by www.sharenet.co.za                     
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