Exercise of Share Options

25 Jul 2007 09:05

African Eagle Resources PLC25 July 2007 African Eagle Resources plc EXERCISE OF SHARE OPTIONS African Eagle Resources plc ("African Eagle" or "the Company", ticker AIM: AFE)announces that an employee has exercised 15,000 share options at a price of 8pto purchase ordinary shares of one pence each in the Company and the new shareswill rank pari passu with the existing shares. Following this exercise, the total number of shares allotted and issued is154,049,144 and the Company has made application for 15,000 new shares to beadmitted to trading on AIM, with dealings expected to commence on 30 July 2007. Bevan MetcalfCompany SecretaryAfrican Eagle Resources plc For further information, see the Company's web site www.africaneagle.co.uk orcontact one of the following: Mark ParkerManaging Director+44 20 7248 6059+44 77 5640 6899 Seymour PierceNicola MarrinTel: 020 7107 8000 This information is provided by RNS The company news service from the London Stock Exchange