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Holding in Company

2nd Feb 2006 11:33

Dragon Oil PLC02 February 2006 Dragon Oil Plc 2nd February 2006 PRESS RELEASE DRAGON OIL PLC ("Dragon") HOLDING IN COMPANY A letter from JP Morgan Securities Ltd., 125 London Wall, London, EC2Y 5AJ,dated 31st January 2006, received by Dragon on 2nd February 2006, addressed toDragon Oil Plc. On behalf of J.P. Morgan Chase & Co. ("JPMCC") of 270 Park Avenue, New York, NY10017, we would like to advise that JPMCC has decreased its total aggregateholding in the share capital of Dragon Oil Plc to 5.99%. This is as a result ofits subsidiary, J.P. Morgan Fleming Asset Management (UK) Limited, in itscapacity as discretionary investment manager for various funds (which includesthe discretion to exercise voting rights), decreasing its interests in the sharecapital. Total number of shares (% of share capital): 30,530,407 (5.99%). For and on behalf of JP Morgan Securities Ltd. and J.P. Morgan Chase & Co. Gapsun Rhee EMEA Surveillance This announcement has been issued through the Companies Announcement Service of The Irish Stock Exchange This information is provided by RNS The company news service from the London Stock Exchange

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