Notification of Interest in Shares

Europa Oil & Gas plc / Index: AIM / Epic: EOG / Sector: Oil & Gas       

27 January 2014

          Europa Oil & Gas (Holdings) plc (`Europa' or `the Company')          

                      Notification of Interest in Shares                       

Europa Oil & Gas (Holdings) plc, the AIM listed oil and gas exploration and
development company with a combination of producing and exploration assets in
Europe, has received notification pursuant to the Financial Conduct Authority's
Disclosure and Transparency Rules that, following the completion of the Open
Offer and the resultant increase in the Company's total number of ordinary
shares to 204,883,024 as announced on 20 January 2014, the beneficial interests
of the Board members listed below are as follows:

Director              Open Offer     Open Offer    Resultant    % of Enlarged  
                    Shares Applied     Shares     shareholding  Share Capital  
                          for         acquired                                 
                                                                               
Hugh Mackay            1,666,666      934,179*     1,795,003        0.88%      
                                                                               
Roderick Corrie         571,006       309,974*      413,470         0.20%      

* As a consequence of the Open Offer being over-subscribed, all applications
made via the Excess Application Facility, including those by Directors, were
scaled back by 34.4%. The applications of individual Shareholders holding their
ordinary shares in nominee arrangements may have been scaled back by a
differing factor, arising from the allocation and application methods adopted
internally by the various nominee companies, over which the Company has no
control or influence. The overall entitlements of these nominees, if not of the
individual holders within such arrangements, under the Excess Application
Facility will have been scaled back by the same factor as all other
Shareholders.

                                   **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                      [phone]    
                                                                               
Henrik Persson        finnCap Ltd                      [phone]    
                                                                               
Frank Buhagiar        St Brides Media and Finance Ltd  [phone]    
                                                                               
Lottie Brocklehurst   St Brides Media and Finance Ltd  [phone]    

Notes

Europa Oil & Gas (Holdings) plc has a diversified portfolio of multi-stage
hydrocarbon assets that includes production, exploration and development
interests, in countries that are politically stable, have transparent licensing
processes, and offer attractive terms. The Company produced 182 boepd in the UK
during the 2012/2013 financial year, generating sufficient revenues to cover
corporate overheads. Its highly prospective exploration projects include the
Wressle prospect in the UK where a well is due to be drilled later in the near
term; 100% owned gas exploration prospect (416 bcf) and appraisal project (CPR
277 bcf) in onshore France; and a joint venture with leading independent Kosmos
to explore two licences in offshore Ireland in which Europa has identified two
prospects with estimated gross mean un-risked indicative resources of 482
million barrels oil and 1.6 billion barrels oil respectively.