Eldorado Gold Corporation acquires European Goldfields Limited for C$2.5 billion

Closing Date: 2/24/2012

Value: C$2.5 billion

Eldorado Gold Corporation has acquired European Goldfields Limited. The acquisition was effected by way of a plan of arrangement under the Yukon Business Corporations Act. Under the Arrangement, shareholders of European Goldfields received 0.85 Eldorado shares and C$0.0001 in cash per European Goldfields share (the Exchange Ratio). Each outstanding option of European Goldfields was exchanged for options of Eldorado entitling the holder to receive Eldorado shares based upon the Exchange Ratio. The total transaction value was approximately C$2.5 billion.

Eldorado was represented by BLG in Canada with a team that included Fred R. Pletcher, Kent Kufeldt, Deepak Gill, Stephen Robertson and Robert Wallis (M&A); Steve Suarez and Randy Morphy (tax); and Jeffrey Thomas (competition).