Announcement re: Placing

Europa Oil and Gas Holdings Plc                        

                          ("Europa" or "the Company")                          

                             £1.75 million Placing                             

The Company today announces that it has conditionally placed with new and
existing shareholders 12,500,000 new ordinary shares ("Placing Shares") of 1p
each ("Ordinary Shares") at a price of 14p per share thereby raising gross
proceeds of £1.75 million (the "Placing"). The net proceeds will provide the
Company with working capital for future growth and strengthen its balance
sheet.

The New Shares, which have been placed with new and existing investors, by
Seymour Pierce Limted, will represent approximately 16.6 per cent. of the
Company's Enlarged Share Capital.

Reasons for the Placing

Europa has several goals it wishes to achieve this year. These include:
maintaining its full working interest in the Voitinel well in Romania
(currently drilling), increasing production from the West Firsby Oilfield,
drilling the Hykeham well (both onshore UK) and increasing the Company's market
perception and liquidity of the shares. The placing of these shares should
allow us to achieve these goals.

Background to Europa Oil & Gas' current operations

Europa is currently participating in the Voitinel exploration well, onshore
Romania. This is a high impact well targeting approximately 200 millions of
barrels of oil in place on a proven fairway in a prolific hydrocarbon basin.
The well spudded on 21 August and is anticipated to take two months to reach
final total depth.

Europa spudded the Hykeham well in Lincolnshire, UK in January 2009. The well
was drilled to approximately 100m and suspended for the duration of the bird
breeding season at the adjacent Whisby Nature Park. The prospect is relatively
low risk, with potential for 10 million of barrels of oil-in-place.

The Company produces oil from its operations in the East Midlands Petroleum
Basin, onshore UK, currently generating wellhead revenues of approximately
$350,000 per month. This production, which is derived from 3 producing
oilfields, is currently running at 170 bopd following a fire which damaged
equipment at the West Firsby site and production is expected to be back to the
full rate of 220 bopd shortly. Continuing upgrades at West Firsby and further
work on the Crosby Warren wells are expected to increase production to over 350
bopd and success at Hykeham will push this to over 500bopd.

Paul Barrett, Managing Director of Europa said,

"The Directors have recognised for some time that the Company's Shares are held
by relatively few investors and that there is a need to broaden the shareholder
base. The issuing of new shares will go some way to remedying this with only
modest dilution for existing shareholders. The Directors have subscribed to
approximately 20% of the placing, demonstrating their firm belief in the
quality of the assets. Notwithstanding the Company's existing production
revenue stream, the cash injection will allow the Company to participate in key
projects such as Voitinel at full working interest and move forward at a faster
pace on the production growth in the UK"

Issue of New Shares

The Placing is conditional upon Admission of the Placing Shares to AIM.
Application will be made to the London Stock Exchange for the New Shares to be
admitted to trading on AIM. It is expected that such Admission will become
effective and that dealings will commence 11 September 2009.

The New Shares will, when issued, rank pari passu in all respects with the
existing Ordinary Shares, including the right to receive dividends and other
distributions declared following Admission.

Directors' participation in the Placing

The table below shows the following Directors participation in, and their
resulting holdings following, the Placing.

Name              Number of  Per      Number of  Number of shares  Per cent. of
 
                  Shares     cent. of Placing    following         Enlarged 
Share
                             issued   shares     completion of the Capital     
 
                             share               Placing                       
 
                             capital                                           
 
                                                                               
 
Erika Syba/Paul   16,832,929 26.91%   357,142    17,190,071        22.9%       
 
Barrett*                                                                       
 
                                                                               
 
Phil Greenhalgh   100,000    0.16%    150,000    250,000           0.33%       
 
                                                                               
 
Christian         23,252,442 37.17%   1,750,000  25,002,442        33.31%      
 
Ahlefeldt-Laurvig                                                              
 

* Paul Barrett is the registered owner of 6,537,758 ordinary shares and Erika
Syba is the registered owner of 7,623,732 ordinary shares.  The number of
shares held in SIPPs for Paul Barrett and Erika Syba total 2,671,439

Enquiries:

Europa Oil and Gas Plc                                     [phone]
                                                                               
Paul Barrett - Managing Director                                               
                                                                               
Seymour Pierce Limited                                    + 44 (0) 207 107 8000
                                                                               
Jonathan Wright                                                                
                                                                               
Christopher Wren                                                               

Seymour Pierce Limited, which is regulated by the Financial Services Authority
and is a member of the London Stock Exchange, is acting as nominated adviser
and broker exclusively for the Company in connection with the Placing. Its
responsibilities as the Company's nominated adviser under the AIM Rules are
owed solely to the London Stock Exchange and are not owed to the Company or to
any Director or any other person in respect of his decision to acquire ordinary
shares in the Company in reliance on any part of this announcement. No
representation or warranty, express or implied, is made by Seymour Pierce
Limited as to any of the contents of this announcement for which the Directors
and the Company are responsible (without limiting the statutory rights of any
person to whom this announcement is issued). Seymour Pierce Limited has not
authorised the contents of, or any part of, this announcement, and no liability
whatsoever is accepted by Seymour Pierce Limited for the accuracy of
information or opinions contained in this announcement or for the omission of
any material information. Seymour Pierce Limited will not be offering advice
and will not otherwise be responsible for providing customer protections to
recipients of this announcement in respect of the Placing or any acquisition of
shares in the Company.


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