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Holding in Company

14th Mar 2007 13:38

Dragon Oil PLC14 March 2007 HOLDING IN COMPANY A letter from Julius Baer Investment Management LLC, 330 Madison Avenue, NewYork, NY 10017, United States of America, dated 8 March 2007, was received byDragon Oil on 13th March 2007, addressed to Dragon Oil Plc. The letter reads asfollows: "We would like to advise you in accordance with section 67(1) of the IrishCompanies Act 1990 (the "Act") that we have increased our notifiable interest(as defined by Section 68 of the Act) in Dragon Oil plc. In compliance with the provisions of Section 71(2) of the Act, our interestconsists of 35,573,269 shares in Dragon Oil plc, representing a total of 6.97%of the issued share capital of Dragon Oil plc. For and on behalf of Julius Baer Investment Management LLC Donald Delano Chief Compliance Officer" This information is provided by RNS The company news service from the London Stock Exchange

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