Shareholding update - Anglo Pacific

African Eagle Resources plc TR1 Announcement - Anglo Pacific Shareholding Increases African Eagle Resources plc ("African Eagle" or "the Company", ticker AIM: AFE; AltX: AEA) was notified on December 17, 2010 that on December 16, Anglo Pacific Group PLC (ticker AIM: APF), increased its shareholding in the Company to 23,075,000 ordinary shares which represents approximately 6% of the total voting rights of the Company. The above notification was made by Anglo Pacific Group PLC 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 / Jeremy Stephenson 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 [HUG#1474221]