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AEA - African Eagle Resources plc - Grant of share options 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) GRANT OF SHARE OPTIONS African Eagle Resources plc ("African Eagle" or "the Company", ticker AIM: AFE, AltX: AEA) announces that on 29 July 2011 it granted 4,996,000 share options to employees under the Company`s two share option incentive schemes. The exercise price is 10 pence, being 19.3% above the closing price of the Company`s shares on 29 July 2011. None of the options were granted to directors. Under the rules of the schemes, options may not normally be exercised before the first anniversary of the date of grant and may not in any event be exercised later than the fifth anniversary of the date of grant. The new share options will become exercisable after 29 July 2012 and will expire on 29 July 2016. A total of 24,767,000 share options are now outstanding in the two schemes, equivalent to 6.05% of the Company`s shares in issue. The total number of options outstanding under the rules of the schemes cannot exceed 10% of the number of shares in issue. Sponsor Merchantec Capital 1 August 2011 For further information: Please see the Company`s web site at www.africaneagle.co.uk or contact one of the following: African Eagle Resources plc +44 20 7248 6059 Bevan Metcalf +44 78 0277 6226 Sandra Spencer +44 77 5766 0798 Canaccord Genuity Limited Andrew Chubb Bhavesh Patel +44 20 7050 6500 Ocean Equities Limited Guy Wilkes +44 20 7786 4370 Russell & Associates, Johannesburg Charmane Russell Marion Brower +27 11 8803924 +27 82 8928052 Date: 01/08/2011 13:00:03 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.
