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December 7, 2010 - London

African Eagle Resources plc

TR1 Announcement - MWB Limited Shareholding

African Eagle Resources plc ("African Eagle" or "the Company", ticker AIM: AFE; AltX: AEA) was notified on December 3, 2010, that as at that date, MWB Limited, purchased 30,230,761 ordinary shares in the Company which represents approximately 7.86% of the total voting rights of the Company.

The above notification was made by MWB Limited pursuant to the FSA's Disclosure and Transparency Rules.

Bevan Metcalf
Company Secretary


For further information on African Eagle, see the Company's web site www.africaneagle.co.uk or contact one of the following:

Mark Parker
Managing Director
African Eagle

+44 20 7248 6059
+44 77 5640 6899

Nicola Marrin
Seymour Pierce Limited, London

Nominated Adviser
+ 44 20 7107 8000

David Banks
Seymour Pierce Limited, London

Corporate Broking
+ 44 20 7107 8000

Guy Wilkes
Ocean Equities Limited, London

Corporate Broking
+ 44 20 786 4370

Charmane Russell / Marion Brower
Russell & Associates, Johannesburg

+ 27 11 8803924
+27 82 8928052

Ed Portman / Leesa Peters
Conduit PR, London

+44 20 7429 6607
+44 77 3336 3501

This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients.

The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of the
information contained therein.

Source: African Eagle Resources PLC via Thomson Reuters ONE

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