Block Listing Review 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”) Block Listing Review Name of scheme: Employee Share Option Scheme Period of return: 12 July 2013 – 11 January 2014 Balance under scheme from previous return: 5,000,000 The amount by which the block scheme has been Nil increased, if the scheme has been increased since the date of the last return: Number of securities issued/allotted under Nil scheme during period: Number of securities under the scheme which Nil expired during the period: Balance under scheme not yet issued/allotted at 5,000,000 ordinary shares of 0.1p each end of period: Number and class of securities originally listed 5,000,000 ordinary shares of 1p on 11 July 2011 and the date of admission: Total number of securities in issue at the end of 871,157,261 the period: Note: Ordinary Shares of 1p each were subdivided at close of business on 24 June 2013 into Ordinary Shares of 0.1p each and Deferred Shares of 0.9p each. The total number of Ordinary Shares remains the same as before the subdivision. For further information please contact: African Eagle Resources plc Robert McLearon, Managing Director +44 20 7002 5356 Strand Hanson Limited (NOMAD) Stuart Faulkner James Dance + 44 20 7409 3494 Ocean Equities Limited (Broker) Guy Wilkes +44 20 7786 4370 Sponsor Merchantec Capital 13 January 2014 A copy of this announcement will be available on the Company's website at www.africaneagle.co.uk as soon as possible. The content of the website referred to in this announcement is not incorporated into and does not form part of this announcement. Date: 13/01/2014 09:00:00 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.