Total Voting Rights

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

31 October 2012

African Consolidated Resources plc ('ACR' or 'the Company')

Issue of Shares and Directors' Dealings
Total Voting Rights

African Consolidated Resources plc, the AIM listed resource and development company focused in Southern Africa announces the following issue of new ordinary shares of 1p each in the Company ('Shares') pursuant to the announcements of 30 September 2011 and 24 October 2012.

2012 Share Remuneration

In respect of services by directors pursuant to the binding agreement to pay a fixed proportion of basic remuneration in shares, as announced on 30 September 2011, for the three month period ending 30 June 2012 and two month period ending 31 August 2012:

	30 June 2012 Remuneration		31 August 2012 Remuneration
	Remuneration paid in Shares (GBP)	Shares issued	Remuneration paid in Shares (GBP)	Shares issued
Roy Tucker	6,250.00	188,244	4,166.67	155,286
Andrew Cranswick	12,500.00	376,488	8,333.33	310,572
Michael Kellow	10,000.00	301,190	6,666.67	248,457
Total	28,750.00	865,922	19,166.67	714,315

The issue prices for the Shares in respect of the three month period ending 30 June 2012 and two month period ending 31 August 2012 were approximately 3.3202 pence and approximately 2.6832 pence each, respectively, being the average mid-market closing price for the quarter prior to the period for which the services were performed.

The Company also announces the issue of 262,054 Shares to a consultant in respect of services rendered for the year ended 31 March 2012 and the issue of 25,000 Shares pursuant to a cash subscription from a consultant.

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

2012 to 2013 Share Remuneration

In respect of the Remuneration Shares for the year from 1 September 2012 to 31 August 2012, as previously announced on 24 October 2012 and reproduced below:

	Remuneration paid in Shares (GBP)	Issue Price (pence)	Shares issued
Roy Tucker	37,500	2.5	1,500,000
Andrew Cranswick	52,500	2.5	2,100,000
Michael Kellow	41,250	2.5	1,650,000

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

Directors' Shareholdings and Total Voting Rights

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
Roy Tucker	6,447,583	1.09%
Andrew Cranswick	2,787,060	0.47%
Michael Kellow	6,475,343	1.09%

Application has been made to the London Stock Exchange for 7,117,291 new Shares to be admitted to trading on AIM ("Admission").  It is expected that Admission will become effective and that dealings will commence at 8.00 a.m. on 5 November 2012. 

Following Admission, the total number of voting rights in the Company will be 593,033,915 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]
Andrew Godber	Panmure Gordon (UK) Limited	[phone]
Callum Stewart	Panmure Gordon (UK) Limited	[phone]
Susie Geliher	St Brides Media & Finance Ltd	[phone]

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(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 Consolidated Resources Plc via Thomson Reuters ONE

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