AFRICAN EAGLE RESOURCES PLC - Approval of Disposal

Approval of Disposal

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”)


Approval of Disposal



African Eagle is pleased to announce that, further to the announcement of 22 July 2013, the Ministry
of Energy and Minerals in Tanzania has advised that its consent is not required in connection with the
Disposal, and accordingly, Blackdown Resources (UK) Limited agreed to waive this condition
precedent to completion of the Disposal. As a result, completion of the Disposal took place today.

In addition, the Company has adopted its new Investing Policy as set out in the circular sent to
shareholders on 5 July 2013.

Defined terms used in this announcement have the same meanings as those in the Circular to
Shareholders, dated 5 July 2013.

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


8 August 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.

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