Issue of Shares and Directors' Dealings

African Consolidated Resources plc / Ticker: AFCR / Index: AIM / Sector: Mining

19 July 2013

African Consolidated Resources plc ('AFCR' or 'the Company')
Issue of Shares and Directors' Dealings
Total Voting Rights

African Consolidated Resources plc, the AIM listed resource and development company announces the following issue of new ordinary shares of 1p each in the Company ('Shares'):

1. Further to the announcement of 24 October 2012 the following issue of Shares pursuant to the binding agreement to pay a fixed proportion of basic remuneration as a subscription for Shares for the four month period ending 30 June 2013 in respect of services by directors: 

	Remuneration applied as a subscription for Shares £		Shares issued at 2p
Roy Tucker	24,167		1,208,334
Michael Kellow	25,833		1,291,666

2. Further to the announcement of 21 March 2013 the issue of 833,333 Shares to Craig Hutton at a price of 3p per Share, pursuant to the binding agreement to pay a fixed proportion of basic remuneration in respect of his services, in respect of a proportion of basic remuneration totalling £25,000 for the four month period ending 30 June 2013. 

3. Further to the announcement of 24 October 2012 and pursuant to subsequent board resolutions, the issue of 348,387 Shares to certain employees and consultants in respect of services rendered. 

4. To a consultant the issue of 933,020 Shares at a price of 3.5p per share in respect of services rendered. 

The above issue of Shares is subject to Admission (as defined below).

The resultant holding of the directors (including pension funds) following these issues is as follows.  These holdings do not include any interests over Shares held through contracts with the Company's Employment Benefit Trust.

	Number of Shares	Percentage of enlarged share capital
Craig Hutton	3,150,000	0.37
Roy Tucker	9,468,417	1.11
Michael Kellow	9,704,509	1.14

Application has been made to the London Stock Exchange for 4,614,740 new Shares to be admitted to trading on AIM ('Admission').  Admission is expected to occur at 8:00 am on 24 July 2013.  

Following Admission, the total number of voting rights in the Company will be 850,537,664 with each Share carrying the right to one vote.

The above figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in ACR under the FSA's Disclosure and Transparency Rule.

**ENDS**

For further information visit www.acrplc.com or please contact:

Roy Tucker     African Consolidated Resources plc   [phone]

[phone]

Craig Hutton     African Consolidated Resources plc   [phone]

Andrew Godber   Panmure Gordon (UK) Limited     [phone]

Callum Stewart     Panmure Gordon (UK) Limited     [phone]

Adam James     Panmure Gordon (UK) Limited     [phone]

Susie Geliher     St Brides Media & Finance Ltd     [phone]

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information contained therein.

Source: African Consolidated Resources Plc via Thomson Reuters ONE

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