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Holding in Company

5th Dec 2007 10:59

Dragon Oil PLC05 December 2007 4 December 2007 PRESS RELEASE DRAGON OIL plc Dragon Oil Plc ("Dragon Oil") HOLDING IN COMPANY The following is a copy of a letter received on 3rd December 2007 from JuliusBaer Investment Management LLC, 330 Madison Avenue, New York, NY 10017, UnitedStates of America, dated 29th November 2007. We would like to advise you in accordance with the Transparency (Directive 2004/109/EC) Regulations 2007 (the "Regulations") that we have increased ournotifiable interest in Dragon Oil plc. In compliance with the provisions of Part 5 of the Regulations, our interestconsists of 46,332,653 shares in Dragon Oil plc representing a total of 9.07% ofthe voting rights 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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