CANCELLATION OF S334324 TR-1: Notification of major interest in shares 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) TR-1: Notification of major interest in shares Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached: African Eagle Resources PLC Reason for the notification: - A disposal of voting rights - A disposal of instruments with similar economic effect to qualifying financial instruments Full name of person(s) subject to the notification obligation: International Finance Corporation Date of the transaction and date on which the threshold is crossed or reached: 22 July 2013 Date on which issuer notified: 23 July 2013 Threshold(s) that is/are crossed or reached: Below 3% Notified details: VOTING RIGHTS ATTACHED TO SHARES Class/type of shares (if possible using the ISIN CODE): GB0003394813 Situation previous to the triggering transaction - Number of Shares: 78,009,570 - Number of Voting Rights: 78,009,570 Resulting situation after the triggering transaction Number of shares - Direct: 0 Number of voting rights - Direct: 0 - Indirect: 0 % of voting rights - Direct: 0% - Indirect: 0% FINANCIAL INSTRUMENTS WITH SIMILAR ECONOMIC EFFECT TO QUALIFYING FINANCIAL INSTRUMENTS Resulting situation after the triggering transaction Type of financial instrument: Share warrants Exercise price: £0.102 Expiration date: 27 January 2016 Exercise/Conversion period: - Number of voting rights instrument refers to: 22,754,785 % of voting rights: - Nominal: 0% - Delta: 0% TOTAL: Number of voting rights: 0 Percentage of voting rights:0% JSE Sponsor Merchantec Capital 23 July 2013 Date: 24/07/2013 11:44:59 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.