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Holding in Company

17th Apr 2007 10:35

Dragon Oil PLC17 April 2007 17 April 2007 PRESS RELEASE DRAGON OIL plc Dragon Oil Plc ("Dragon Oil") HOLDING IN COMPANY A letter from Julius Baer Investment Management LLC, 330 Madison Avenue, NewYork, NY 10017, United States of America, dated 2nd April 2007, was received byDragon Oil on 16th April 2007, addressed to Dragon Oil Plc. We would like to advise you in accordance with section 67(1) of the IrishCompanies Act 1990 (the "Act") that we have decreased 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 33,950,189 shares in Dragon Oil plc, representing a total of 6.66%of the issued share capital of Dragon Oil plc. For and on behalf of Julius Baer Investment Management LLC Donald Delano Chief Compliance Officer Ends 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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