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Holdings in the Company

News Report
26 November 2007

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 the Company, representing approximately 17.63 per cent of the issued voting share capital. The Fund has a direct holding in the Company of 36,300,000 ordinary shares representing approximately 17.44 per cent of the issued voting share capital and an indirect holding of 400,000 ordinary shares representing approximately 0.19 per cent of the issued voting share capital of the Company. RAB Capital Plc is a related party to the Fund.

Bevan Metcalf
Company Secretary
African Eagle Resources plc

26 November 2007