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”) Major Interest in Shares African Eagle announces that the Company has today been notified that on 13 May 2014 Coburg Group plc purchased 2,500,000 ordinary shares of 0.1 pence each in the issued share capital of the Company (“Ordinary Shares”) at an average price of 0.239p per Ordinary Share. Name Number of % of issued Number of % of issued Ordinary Shares share capital Ordinary Shares share capital held prior to the prior to the held following the following the Purchase Purchase (%) Purchase Purchase (%) Coburg Group plc 95,580,999 10.97 98,080,999 11.26 For further information please visit www.africaneagle.co.uk or contact the following: Enquiries: African Eagle Resources plc Tel: +44 (0) 20 7002 5361 Robert McLearon, Managing Director Beaumont Cornish Limited (Nominated Adviser) Tel: +44 (0) 207 628 3396 Roland Cornish Emily Staples Pareto Securities Limited (Broker) Tel: +44 (0) 20 7786 4370 Guy Wilkes JSE Sponsor Merchantec Capital 14 May 2014 About African Eagle African Eagle Resources plc is quoted on the AIM Market of the London Stock Exchange (AFE) and Johannesburg AltX (AEA) stock exchanges. Date: 14/05/2014 02:00:00 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.