Dividend Exchange Rate

29 August 2013

Dragon Oil plc ("Dragon Oil" or the "Company")

Notice of dividend currency exchange rates - 2013 interim dividend

On 6 August 2013, Dragon Oil announced a 2013 interim dividend of 15 US cents per share. Shareholders (other than shareholders holding their shares within CREST) with registered addresses in the UK are to be paid their dividends in pounds sterling. Those with registered addresses in European countries, which have adopted the euro, are to be paid in euro. Shareholders with registered addresses in all other countries are to be paid in US dollars. Shareholders were, however, given the option to elect to be paid their dividends in a currency other than their default currency, and were given a choice of US dollars; euro or pounds sterling provided such election was received by the Company's registrars by 16 August 2013.

The exchange rate for the pound sterling or euro amounts payable was determined by reference to the exchange rates applicable to the US dollar on the closest practicable date, being 29 August 2013, to the dividend payment date.

The following table details the currency exchange rates applicable for the 2013 interim dividend:

Dividend 15 US cents per share

Exchange Rate

1 USD = 0.7531 EUR

1 USD = 0.6443 GBP

The interim dividend is to be paid on 16 September 2013. The interim dividend is not subject to shareholder approval.