Annual Financial Report

25 March 2015

DRAGON OIL PLC

Document Availability

Dragon Oil plc, an international oil and gas exploration, development and production company, is pleased to announce that it is posting its 2014 Annual Report and Accounts, Annual General Meeting (AGM) Notice, Proxy Form, Availability Letter and Communication Card to its shareholders today. The 2014 Annual report and Accounts and AGM Notice are now available for downloading on the Company's website www.dragonoil.com.

The Company advises that copies of the above documents have been submitted to the National Storage Mechanism and will shortly be available for inspection at http://www.morningstar.co.uk/uk/NSM. A soft copy of the above documents will also be submitted to the Irish Stock Exchange and will be available for inspection at

Company Announcements Office

Irish Stock Exchange

28 Anglesea Street

Dublin 2

Ireland

Tel: 00 353 (0)1 617 4200

The Annual Report and Accounts are also available to view directly via the Regulatory News Service by clicking on the link below:

http://www.rns-pdf.londonstockexchange.com/rns/4226I_-2015-3-25.pdf

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For further information please contact:

Investor and analyst enquiries

Dragon Oil plc (+44 (0)20 7647 7804)

Anna Gavrilova

Media enquiries

Citigate Dewe Rogerson (+44 (0)20 7638 9571)

Martin Jackson

About Dragon Oil

Dragon Oil plc is an international oil and gas exploration, development and production company, quoted on the London and Irish Stock exchanges (Ticker symbol: DGO). Its principal producing asset is in the Cheleken Contract Area, in the eastern section of the Caspian Sea, offshore Turkmenistan.

Dragon Oil (Turkmenistan) Ltd., a wholly owned subsidiary of Dragon Oil plc, holds 100% interest in, and is the operator of, the Production Sharing Agreement for the Cheleken Contract Area. The operational focus is on the re-development of two oil and gas producing fields, Dzheitune (Lam) and Dzhygalybeg (Zhdanov).

The Group has exploration blocks in Tunisia, Iraq, Afghanistan, Egypt, the Philippines and Algeria. Dragon Oil's diversification strategy is to add exploration and production assets within Africa, parts of Asia and the Middle East in order to create a diversified and balanced portfolio of assets for the Group.

www.dragonoil.com

Disclaimer

This news release may contain forward-looking statements concerning the financial condition and results of operations of Dragon Oil. Forward-looking statements are statements of future expectations that are based on management's current expectations and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in these statements. No assurances can be given as to future results, levels of activity and achievements and actual results, levels of activity and achievements may differ materially from those expressed or implied by any forward-looking statements contained in this report. Dragon Oil does not undertake any obligation to update publicly or revise any forward-looking statement as a result of new information, future events or other information.