Granting of Options

Europa Oil & Gas (Holdings) plc                        

16 May 2008

 

                               ISSUE OF OPTIONS                                

 

Europa Oil & Gas (Holdings) plc announces that Phil Greenhalgh , Finance
Director and Roderick Corrie, Non Executive Director, have been granted
respectively 1,250,000 and 500,000 options over ordinary shares in the company.
All the options have an exercise price of 20p 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. These are the first options issued to Mr
Greenhalgh and Mr Corrie.

 

ENDS

For further information contact:

Paul Barrett, Managing Director, Europa Oil & Gas [phone]

Jonathan Wright or Parimal Kumar, Seymour Pierce [phone]