EGU European Gold

RNS Number:7639Z
European Goldfields Ltd
05 July 2007


Immediate Release                                                  5 July 2007

                  European Goldfields Limited ("the Company")

                            Director's Shareholding

On 11 August 2006, the Company announced that it had granted 150,000 restricted
share units ("RSUs") to Timothy Morgan-Wynne, the Company's newly appointed
Director and Chief Financial Officer, under the Company's Restricted Share Unit
Plan. Of such RSUs, 75,000 were redeemed into an equal number of Common Shares
of the Company on 31 May 2007, from which the Company withheld 30,000 shares for
tax purposes. As a result, Timothy Morgan-Wynne now holds 45,000 Common Shares
of the Company representing 0.03% of the issued share capital of the Company.
The remaining 75,000 RSUs are redeemable for an equal number of Common Shares of
the Company on 31 May 2008, from which the Company also expects to withhold
30,000 shares for tax purposes upon redemption.

On 5 July 2007, David Reading, the Company's Chief Executive Officer, exchanged
200,000 options for 101,292 Common Shares of the Company under the Company's
Share Option Plan. Of such shares, 40,517 were withheld by the Company for tax
purposes. As a result, David Reading increased his holding to 425,775 Common
Shares of the Company, representing 0.24% of the issued share capital of the
Company. In addition, David Reading retains 560,000 share options in the
Company.

The Company currently has 178,288,159 Common Shares outstanding.





                      This information is provided by RNS
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