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2014-05-14

African Eagle Resources PLC: Major Interest in Shares

14 May 2014

African Eagle Resources plc

("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.

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|Name Number of Ordinary Shares held prior to the % of issued share capital prior to the Purchase Number of Ordinary Shares held following the % of issued share capital following the |
| Purchase (%) Purchase Purchase (%) |
| |
|Coburg Group plc 95,580,999 10.97 98,080,999 11.26 |
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For further information please visitwww.africaneagle.co.ukor contact the
following:

Enquiries:

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|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 Tel: +44 (0) 20 7786 4370 |
|(Broker) |
| |
|Guy Wilkes |
| |
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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.

ENDS

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: African Eagle Resources PLC via Globenewswire

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