AEA - African Eagle Resources plc - Shareholding update 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") SHAREHOLDING UPDATE African Eagle Resources plc (AIM: AFE; AltX: AEA) was notified on April 30, 2012 that as a result of the Company`s recent placing, the International Finance Corporation ("IFC") now holds a total of 78,009,570 ordinary shares in the Company which represents approximately 11.24% of the total voting rights of the Company. Prior to the placing, IFC held 45,509,570 ordinary shares. The above notification was made by IFC pursuant to the FSA`s Disclosure and Transparency Rules. African Eagle Resources plc (AIM: AFE; AltX: AEA) was notified on April 30, 2012 that as a result of the Company`s recent placing Allard Services Ltd now holds a total of 78,530,761 ordinary shares in the Company which represents approximately 11.32% of the total voting rights of the Company. Prior to the placing, Allard held 46,030,761 ordinary shares. The above notification was made by Allard pursuant to the FSA`s Disclosure and Transparency Rules. About African Eagle African Eagle Resources plc is a junior mining explorer and developer with development projects in Tanzania and Zambia. The Company`s flagship project is the Dutwa Nickel project in Tanzania located about 25km south of Lake Victoria and 110km east of Mwanza within greenstone gold belts which host many of Tanzania`s operating and developing gold mines. The Company is quoted on the AIM market of the London Stock Exchange (AIM: AFE) and on the AltX of the Johannesburg Stock Exchange (AltX: AEA). For further information: Please visit the Company`s website: www.africaneagle.co.uk or contact: African Eagle Resources plc Andrew Robertson (Company Secretary) Yasumi Toyoda (Investor Relations) +44 20 7248 6059 Canaccord Genuity Limited Rob Collins Andrew Chubb + 44 207 523 8000 Ocean Equities Limited Guy Wilkes +44 20 7786 4370 Russell & Associates, Johannesburg Charmane Russell Marion Brower +27 11 8803924 Sponsor Merchantec Capital Date 2 May 2012 Date: 02/05/2012 10:27:09 Supplied by www.sharenet.co.za 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.