Appointment of a Joint Corporate Broker

FOR IMMEDIATE RELEASE

31 January 2011

DRAGON OIL PLC

(the "Company" or together with its subsidiaries "Dragon Oil" or the "Group")

Appointment of a Joint Corporate Broker

Dragon Oil plc today announces the appointment with immediate effect of Nomura International Plc as Joint Corporate Broker alongside Davy.

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For further information please contact:

Media enquiries

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

Martin Jackson

George Cazenove

Investor and analyst enquiries

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

Anna Gavrilova

Sally Marshak

Joint Corporate Brokers

Davy (+353 1 679 6363)

Hugh McCutcheon

John Frain

Joint Corporate Brokers

Nomura International Plc (+44 (0)20 7521 2000)

Andrew Forrester

John MacLeod