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Holding(s) in Company

26 Nov 2007 16:02

African Eagle Resources PLC26 November 2007 African Eagle Resources plc SIGNIFICANT SHAREHOLDING African Eagle Resources plc ("African Eagle" or "the Company", ticker AIM: AFE,AltX: AEA) was notified today that RAB Special Situations (Master) Fund Ltd (the"Fund") holds an interest in 36,700,000 ordinary shares in the capital of theCompany, representing approximately 17.63 per cent of the issued voting sharecapital. The Fund has a direct holding in the Company of 36,300,000 ordinaryshares representing approximately 17.44 per cent of the issued voting sharecapital and an indirect holding of 400,000 ordinary shares representingapproximately 0.19 per cent of the issued voting share capital of the Company.RAB Capital Plc is a related party to the Fund. Bevan MetcalfCompany SecretaryAfrican Eagle Resources plc 26 November 2007 For further information, see the Company's web site www.africaneagle.co.uk orcontact one of the following: African EagleBevan Metcalf+44 20 7248 6059 Seymour PierceNicola Marrin+44 20 7107 8000 About African Eagle African Eagle is a mineral exploration and development company operating ineastern and central Africa. The Company's principal advanced projects are theMkushi Copper Mines project in Zambia and the Miyabi gold project in Tanzania,which are being prioritised towards production. The Company also holds a largewell-balanced portfolio of promising earlier stage gold and base metal projects,including the Ndola copper project and the Eagle Eye iron-oxide copper goldproject. African Eagle's projects are in Zambia, Tanzania and Mozambique, countries whichall have highly prospective geology, relatively low above-ground risks and trackrecords of successful major investments in the metals and minerals industries. African Eagle specialises in project generation and exploration and has a highlymotivated team, proven management and an experienced board. To take itsdiscoveries into production, it seeks to sign up industry partners with recordsof successful mine development. These joint ventures and, in time, the revenuefrom advanced projects, will finance future exploration and new discoveries. This information is provided by RNS The company news service from the London Stock Exchange

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