(EOG.L) Europa Oil & Gas (Holdings) PLC Buy/Sell

Europa Oil & Gas (Holdings) plc

28 October 2009

ISSUE OF OPTIONS

Europa Oil & Gas (Holdings) plc announces that Phil Greenhalgh, Finance Director has been granted 625,000 options over ordinary shares in the company. All the options have an exercise price of 16p and a 10 year life. One third of the options are exercisable after 18 months, a further third after 30 months and the balance after 42 months. Following this grant, Mr Greenhalgh has a total of 1,875,000 options over ordinary shares in the company. A further 160,000 options were granted to other employees of the company on similar terms.

For further information contact:

Paul Barrett, Managing Director, Europa Oil & Gas +44 7971 528754 Jonathan Wright, Seymour Pierce +44 20 7107 8000

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