Company Announcements

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

16 March 2023

Europa Oil & Gas (Holdings) plc

("Europa" or the "Company")

Director/PDMR Dealing

Europa Oil & Gas (Holdings) plc, the AIM traded UK and Ireland focused oil and gas exploration, development, and production company, announces that William Holland, Chief Executive Officer, has purchased 1,079,600 ordinary shares of £0.01 each in the Company ("Ordinary Shares") at a price of 1.24 pence per Ordinary Share.

Following the purchase, Mr Holland is beneficially interested in a total of 1,308,357 Ordinary Shares, representing approximately 0.14% of the Company's issued share capital.

Mr Holland's shareholding disclosed on 3 May 2022, prior to this dealing, inadvertently omitted 55,555 Ordinary Shares that he had previously acquired prior to his commencement of his management role at the Company. The 3 May 2022 disclosure should have read 228,757 Ordinary Shares not 173,202 Ordinary Shares. The 55,555 Ordinary Shares should have been disclosed in the announcement of his appointment to the Board on 28 April 2022.

The notification below, made in accordance with the requirements of UK Market Abuse Regulation, provides further details.

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.

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For further information, please visit www.europaoil.com or contact:

Notes to Editors

Europa Oil & Gas (Holdings) plc has a diversified portfolio of multi-stage hydrocarbon assets which includes production, development and exploration interests, in countries that are politically stable, have transparent licensing processes, and offer attractive terms. Production for the year ending 31 July 2022 was 245 bopd. In April 2022, Europa farmed into P.2358, Block 13/23c ("Serenity") in the Outer Moray Firth area of the North Sea. The licence contains the 2019 Serenity oil discovery, in which Europa now has a 25% interest. The Company holds one exploration licence offshore Ireland, which has the potential to host gross mean un-risked prospective resources of 1.5 trillion cubic feet ("tcf") gas. Inishkea is a near field gas prospect in the Slyne Basin which the Company classifies as lower risk due to its close proximity to the producing Corrib gas field and associated gas processing infrastructure.