News - African Eagle Resources PLC: Major Interest in Shares

10 April 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 9 April 2014 Salkeld Investments Limited, a company wholly owned by Nick Clarke, sold 140,937,440 ordinary shares of 0.1 pence each in the issued share capital of the Company ("Ordinary Shares") at a price of 0.225p per Ordinary Share ("Disposal") to Shoreline Energy International Limited ("Shoreline").

Name Number of Ordinary Shares held prior to the Disposal % of issued share capital prior to the Disposal (%) Number of Ordinary Shares held following the Disposal % of issued share capital following the Disposal (%)
Nick Clarke* 228,057,332 26.18 87,119,892 10.00
Shoreline nil nil 140,937,440 16.18

*The table above shows Nick Clarke's total beneficial shareholding in the Company before and after the Disposal held by Salkeld Investments Limited.

Mr Kola Karim has an interest in and is Group Managing Director and Chief Executive Officer of Shoreline Energy International.

For further information please visit www.africaneagle.co.uk or contact the following:

Enquiries:

African Eagle Resources plc
Robert McLearon, Managing Director 		Tel: +44 (0) 20 7002 5361
Beaumont Cornish Limited (Nominated Adviser) Tel: +44 (0) 207 628 3396
Roland Cornish
Emily Staples
Pareto Securities Limited (Broker)
Guy Wilkes 		Tel: +44 (0) 20 7786 4370  

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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