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Holding in Company

21st May 2007 09:12

Dragon Oil PLC21 May 2007 Dragon Oil Plc ("Dragon Oil") HOLDING IN COMPANY The following is a copy of a letter received on 20th May 2007 from Julius BaerInvestment Management LLC, 330 Madison Avenue, New York, NY 10017, United Statesof America, dated 7th May 2007. 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 33,908,680 shares in Dragon Oil plc, representing a total of 6.65%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 information is provided by RNS The company news service from the London Stock Exchange

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