Holding(s) in Company 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”) Holding(s) in Company African Eagle received notification yesterday that Coburg Group Plc (“Coburg”) has purchased 78,009,570 ordinary shares of 0.1p each (“Ordinary Shares”) in the Company at a price of 0.15p per Ordinary Share. In conjunction with the above transaction, Coburg has also acquired 22,574,785 unlisted warrants (“Warrants”) in the Company. The aggregate consideration paid by Coburg for the Ordinary Shares and the Warrants was £117,014. Coburg now holds a total of 78,509,570 Ordinary Shares, representing approximately 11.3 per cent of the issued share capital of the Company. The Warrants carry the right to subscribe for new Ordinary Shares of African Eagle at 10.2 pence per Ordinary Share any time up to 10 February 2016. For further information, please visit www.africaneagle.co.uk or contact: African Eagle Resources plc Robert McLearon, Managing Director +44 20 7248 6059 Strand Hanson Limited (NOMAD) Stuart Faulkner Angela Hallett James Dance + 44 20 7409 3494 Ocean Equities Limited (Broker) Guy Wilkes +44 20 7786 4370 JSE Sponsor Merchantec Capital 24 July 2013 About African Eagle African Eagle Resources plc is listed on the AIM Market of the London Stock Exchange (AFE) and Johannesburg AltX (AEA) stock exchanges. Date: 24/07/2013 01:30:00 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.