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 1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached: African Eagle Resources PLC 2. Reason for the notification: - An event changing the breakdown of voting rights 3. Full name of person(s) subject to the notification obligation: Anglo Pacific Group plc 4. Full name of shareholder(s) (if different from above): 5. Date of the transaction and date on which the threshold is crossed or reached: 18 September 2013 6. Date on which issuer notified: 12 November 2013 7. Threshold that is crossed or reached: 4% 8. Notified details: A. 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: 29 075 000 - Number of Voting Rights: 29 075 000 Resulting situation after the triggering transaction Number of shares - Direct: 30 550 000 Number of voting rights - Direct: 30 550 000 - Indirect: % of voting rights - Direct: 3.51% - Indirect: B. QUALIFYING FINANCIAL INSTRUMENTS Resulting situation after the triggering transaction Type of financial instrument: Expiration date: Exercise/Conversion Period: Number of voting rights that may be acquired if the instrument is exercised/ converted: % of voting rights: C. FINANCIAL INSTRUMENTS WITH SIMILAR ECONOMIC EFFECT TO QUALIFYING FINANCIAL INSTRUMENTS Resulting situation after the triggering transaction Type of financial instrument: Exercise price: Expiration date: Exercise/Conversion period: Number of voting rights instrument refers to: % of voting rights: - Nominal: - Delta: TOTAL (A+B+C): - Number of voting rights: 30 550 000 - Percentage of voting rights: 3.51% 9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: Proxy Voting: 10. Name of the proxy holder: 11. Number of voting rights proxy holder will cease to hold: 12. Date on which proxy holder will cease to hold voting rights: 13. Additional information: Notification following issue of shares. New issued shares figure of 871 157 261 ordinary shares. 14. Contact name: Jason Grey (Group Financial Controller) 15. Contact telephone number: 020 3435 7400 JSE Sponsor Merchantec Capital 13 November 2013 Date: 13/11/2013 02:30:00 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.