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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) today announces that it has granted 3,000,000 share options on 5 October 2011 at an exercise price of 10p to directors under the Company`s share option schemes. The exercise price is 74% above the closing price of the Company`s shares on 4 October 2011. The share options will become exercisable after 5 October 2012 and will expire on 5 October 2016. The grant to directors included: Director Position New options issued Total options held Mark Parker Managing Director 1,088,328 3,676,328 Christopher Operations 1,012,618 3,504,618 Davies Director Euan Worthington Non-executive 567,824 2,205,824 Chairman Geoffrey Cooper Non-executive 331,230 1,637,230 Director Under the rules of the share option schemes, the 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. A total of 27,578,000 share options are outstanding which is equivalent to 6.73% of the Company`s shares in issue. Sponsor Merchantec Capital 10 October 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 Mark Parker (Managing Director) Euan Worthington (Chairman) Sandra Spencer (PR Consultant) +44 20 7248 6059 +44 77 5640 6899 +44 75 1535 7790 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 892805 Date: 10/10/2011 15:00:02 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.
