Shareholding update

African Eagle Resources plc

TR1 Announcement - JP Morgan Asset Management Shareholding

African Eagle Resources plc ("African Eagle" or "the Company", ticker AIM: AFE;
AltX: AEA) was notified by JPMorgan Asset Management Holdings Inc. on December
7, 2010, that on December 3, 2010, JPMorgan Asset Management (UK) Limited had
reduced its shareholding in the Company to below 5%.

The above notification was made by JPMorgan Asset Management Holdings Inc.
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








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originality of the information contained therein.

Source: African Eagle Resources PLC via Thomson Reuters ONE

[HUG#1470411]


Unternehmen: African Eagle Resources PLC - ISIN: GB0003394813