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: -An acquisition or disposal of voting rights Full name of person(s) subject to the notification obligation: Allard Services Limited Date of the transaction and date on which the threshold is crossed or reached: 18 September 2013 Date on which issuer notified: 18 September 2013 Threshold(s) that is/are crossed or reached: 11%-21% Notified details: Voting rights attached to shares Class/type of shares if possible using the ISIN CODE: Ordinary GB0003394813 Situation previous to the triggering transaction -Number of Shares: 78,530,761 -Number of voting rights: 11.32% Resulting situation after the triggering transaction Number of Shares -Direct: 184,245,047 Number of voting rights -Direct: 184,245,047 -Indirect: nil % of voting rights -Direct: 21.15% -Indirect: nil x Total Number of voting rights: 184,245,047 Percentage of voting rights: 21.15% Contact name: Venkat Siva Contact telephone number: 020 7016 5137 JSE Sponsor Merchantec Capital 18 September 2013 Date: 18/09/2013 02:12:00 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.