Result of increased WRAP Offer, Amended GM & TVR

& Total Voting Rights

Europa Oil & Gas (Holdings) plc, (AIM: EOG) the AIM quoted West Africa, UK and Ireland focused oil and gas exploration, development and production company, is pleased to confirm the result of the WRAP retail offer.

The WRAP Retail offer, at a price of 1.2 pence per share, with accompanying 1 for 4 warrants, was only offered to existing shareholders of the Company yet was still multiple times oversubscribed, demonstrating strong support from Europa's retail shareholder base. As a result, in accordance with the terms of the WRAP Retail Offer, the Company has decided to increase the size of the WRAP Retail Offer to partially accommodate some of this excess demand. Despite this increase, applications still substantially exceeded the available allocation and, accordingly, were scaled back. In determining the amount of scale back, the Company sought to avoid overall dilution of existing shareholders who participated in the WRAP Retail Offer.

The Company has raised aggregate gross proceeds of £641,176.89 pursuant to the WRAP Retail Offer. Accordingly, the Company will issue a total of 53,431,408 new Ordinary Shares at the Issue Price and up to 13,357,852 warrants pursuant to the WRAP Retail Offer.

The issue of the WRAP Retail Offer Shares is conditional, inter alia, on shareholder approval at a General Meeting of the Company which will now take place on or around 3 March 2026 (the "General Meeting"). An amended Shareholder Circular and Notice of General Meeting will be posted to shareholders, including an updated resolution to reflect the increased size of the WRAP Retail Offer. If the necessary resolution is not passed at the General Meeting, the WRAP Retail Offer Shares will not be issued, and the proceeds of the WRAP Retail Offer will not be available to the Company.

In addition to the WRAP Retail Offer, as detailed in the announcement made by the Company on 10 February 2026, the Company has also conditionally raised approximately £3.5m via a placing of 291,667,000 new Ordinary Shares (the "Placing Shares" and together with the WRAP Retail Offer Shares, the "New Ordinary Shares"). For the avoidance of doubt, the WRAP Retail Offer is not part of the Placing. Completion of the WRAP Retail Offer is conditional, inter alia, upon the completion of the Placing but completion of the Placing is not conditional on the completion of the WRAP Retail Offer.

Application will be made for the 345,098,408 New Ordinary Shares to be issued pursuant to the Placing and the WRAP Retail Offer to be admitted to trading on the AIM market of London Stock Exchange plc ("Admission"). Assuming the necessary shareholder resolution is passed at the General Meeting, Admission is now expected to become effective on or around 8.00 a.m. (London time) on Thursday 5 March 2026.

Total Voting Rights

Following Admission of the New Ordinary Shares, the total number of ordinary shares in the Company ("Ordinary Shares") with voting rights is expected to be 1,316,139,215. This figure may be used by shareholders in order to determine the denominator that should be used as the denominator for the calculations by which they can determine if they are required to notify their interest in, or change to interest in, the share capital of the Company under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules following the admission of all New Ordinary Shares.