Issue of Options

Europa Oil & Gas plc / Index: AIM / Epic: EOG / Sector: Oil & Gas 12 February 2014 Europa Oil & Gas (Holdings) plc (`Europa' or `the Company') Issue of Options Europa Oil & Gas (Holdings) plc, the AIM listed oil and gas exploration anddevelopment company with a combination of producing and exploration assets inEurope, is pleased to announce that it has today awarded Colin Bousfield,Non-Executive Director, 500,000 options to buy Ordinary Shares of 1p each inthe Company. The options represent 0.244% of the current issued share capital. All of theoptions have an exercise price of 8.9p and are exercisable one third after 18months, one third after 30 months and one third after 42 months. Mr Bousfield has no other interest in Europa shares. **ENDS** For further information please visit www.europaoil.com or contact: Hugh Mackay Europa +44 (0) 20 7224 3770 Phil Greenhalgh Europa +44 (0) 20 7224 3770 Matt Goode finnCap Ltd +44 (0) 20 7220 0500 Henrik Persson finnCap Ltd +44 (0) 20 7220 0500 Frank Buhagiar St Brides Media and Finance Ltd +44 (0) 20 7236 1177 Lottie Brocklehurst St Brides Media and Finance Ltd +44 (0) 20 7236 1177 Notes Europa Oil & Gas (Holdings) plc has a diversified portfolio of multi-stagehydrocarbon assets that includes production, exploration and developmentinterests, in countries that are politically stable, have transparent licensingprocesses, and offer attractive terms. The Company produced 182 boepd in the UKduring the 2012/2013 financial year, generating sufficient revenues to covercorporate overheads. Its highly prospective exploration projects include theWressle prospect in the UK where a well is due to be drilled later in the nearterm; 100% owned gas exploration prospect (416 bcf) and appraisal project (CPR277 bcf) in onshore France; and a joint venture with leading independent Kosmosto explore two licences in offshore Ireland in which Europa has identified twoprospects with estimated gross mean un-risked indicative resources of 482million barrels oil and 1.6 billion barrels oil respectively.