AEA - African Eagle Resources Plc - MWB Limited Increases shareholding

AEA - African Eagle Resources Plc - MWB Limited Increases shareholding          
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)                                  
MWB Limited Increases Shareholding                                              
African Eagle Resources plc ("African Eagle" or "the Company", ticker AIM: AFE; 
AltX: AEA) was notified on January 13, 2011, that on January 12, 2011, MWB      
Limited, increased its shareholding in the Company to 31,480,761 ordinary shares
which represents approximately 8.18% of the total voting rights of the Company. 
The above notification was made by MWB Limited pursuant to the FSA`s Disclosure 
and Transparency Rules.                                                         
Bevan Metcalf                                                                   
Company Secretary                                                               
Sponsor                                                                         
Merchantec Capital                                                              
14 January 2011                                                                 
For further information about the Company, see the Company`s web site           
www.africaneagle.co.uk or contact one of the following:                         
Bevan Metcalf                                                                   
Finance Director                                                                
African Eagle Resources plc, London                                             
+ 44 20 7248 6059                                                               
Jeremy Stephenson                                                               
Nicola Marrin                                                                   
Seymour Pierce Limited, London                                                  
Nominated Adviser and Co-broker                                                 
+ 44 20 7107 8000                                                               
Guy Wilkes                                                                      
Ocean Equities Limited, London                                                  
Co-broker                                                                       
+ 44 20 7786 4370                                                               
Ed Portman / Leesa Peters                                                       
Tavistock Communications, London                                                
+ 44 20 7920 3150                                                               
+ 44 77 3336 3501                                                               
Charmane Russell / Marion Brower                                                
Russell & Associates, Johannesburg                                              
+ 27 11 880 3924                                                                
+ 27 82 892 8052                                                                
Date: 14/01/2011 09:00:06 Supplied by www.sharenet.co.za                     
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.