Cancellation of AIM Listing and Change in Status of Primary Listing 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”) CANCELLATION OF AIM LISTING AND CHANGE IN STATUS OF PRIMARY LISTING Further to the announcement of 11 August 2014 that the Company was suspended from trading on AIM ("Suspension"), the Company today announces that, as its Investing Policy has not been implemented within six months of Suspension, trading in the Company's Ordinary Shares on AIM will be cancelled, under the AIM Rules, as from 7:00 a.m. (London time) on Thursday 12 February 2015. Accordingly, subject to compliance with the relevant requirements of the Listings Requirements of the JSE Limited, the listing status of the Company will change from a primary listing on AIM to a primary listing on the AltX, where the Ordinary Shares are currently suspended. An update will be provided to shareholders in due course. The Company will no longer maintain a website in accordance with AIM Rules. Shareholders who require further information should seek their own personal financial advice immediately from their stockbroker, bank manager, solicitor, accountant or, in respect of UK based shareholders, other independent financial adviser authorised under the Financial Services and Markets Act 2000 (as amended). For further information: Enquiries African Eagle Resources plc Tel: +44 (0) 207 002 5361 Robert McLearon, Finance Director Beaumont Cornish Limited (Nominated Advisor) Tel: +44 (0) 207 628 3396 Roland Cornish / Emily Staples 11 February 2015 JSE Sponsor Merchantec Capital Date: 11/02/2015 05:30:00 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.