AFRICAN EAGLE RESOURCES PLC - Facility Agreement

Facility Agreement

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”)

Facility Agreement


African Eagle (AIM: AFE; AltX: AEA) announces that it has today entered into an unsecured loan
facility (“Facility”) of up to a total of £365,000 with CEO of the Company, Nick Clarke, and Chairman
of the Company, Kola Karim (“Facility Agreement”).

The terms of the Facility Agreement include that it is available for draw down until 30 November 2015,
accrues interest at the rate of 5 percent per annum from day to day and is calculated for any period
on the basis of the actual number of days elapsed and a 365 day year. The Facility and accrued
interest is repayable on the earlier of 31 December 2015 or the completion of a successful fundraising
that forecasts, at the time of such fundraising, that African Eagle shall have sufficient working capital
to operate until 31 December 2015, after full repayment of all sums due under the Facility Agreement.

The Facility will be used by African Eagle for general working capital purposes.

The Facility Agreement is a related party transaction under the AIM Rules. Robert McLearon, being
the only director not involved in the Facility Agreement as a related party, considers, having
consulted with Beaumont Cornish Limited, the Company’s nominated adviser, that the terms of the
Facility Agreement are fair and reasonable insofar as the Company’s shareholders are concerned.

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, Finance 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

17 June 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.

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