Notification of Interest

Tiger Resource Finance PLC
07 November 2002



                      Tiger Resource Finance plc ('Tiger')

                Additional Listing and Notification of Interest

Tiger announces that it has purchased 1,241,174 ordinary shares in African Eagle
Resources plc ('African Eagle') representing approximately 4.2% of the issued
ordinary share capital of African Eagle. African Eagle is the holding company
for Twigg Resources which is involved in the exploration for and development of
gold and minerals in eastern and southern Africa, specifically Tanzania and
Mozambique.

The shares were purchased from Bruce Rowan, a director of Tiger, at the African
Eagle's prevailing market price of 9p per share. The consideration was satisfied
through the issue of 11,170,568 new ordinary shares in Tiger. Dealings in the
new Tiger shares are expected to commence on 13 November, 2002.

With the exception of Bruce Rowan who is involved in the transaction as a
related party, the Directors of Tiger consider, having consulted with their
Nominated Adviser, Davy Stockbrokers, that the terms of the transaction are fair
and reasonable insofar as its shareholders are concerned.

Tiger was informed today that Bruce Rowan has an interest in 43,666,239 ordinary
shares in Tiger representing 18.61% of the issued ordinary share capital.



For further information:

Colin Bird
Director
Tiger Resource Finance plc
Tel: + 44 20 7590 8806

7 November, 2002


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