Notice of dividend currency exchange rates

15 April 2015

Dragon Oil plc ("Dragon Oil" or the "Company")

Notice of dividend currency exchange rates - 2014 final dividend

On 17 February 2015, Dragon Oil announced a 2014 final dividend of 16 US cents per share. Shareholders (other than shareholders holding their shares within CREST) with registered addresses in the UK are to be paid their dividends in pounds sterling. Those with registered addresses in European countries, which have adopted the euro, are to be paid in euro. Shareholders with registered addresses in all other countries are to be paid in US dollars.

Shareholders were, however, given the option to elect to be paid their dividends in a currency other than their default currency, and were given a choice of US dollars; euro or pounds sterling provided such election was received by the Company's registrars by 7 April 2015.

The exchange rate for the pound sterling or euro amounts payable was determined by reference to the exchange rates applicable to the US dollar on the closest practicable date, being 15 April 2014, to the dividend payment date.

The following table details the currency exchange rates applicable for the 2014 final dividend:

Dividend 16 US cents per share

Exchange Rates:

1 USD = 0.9433 EUR

1 USD = 0.6789 GBP

The final dividend of 16 US cents per share is subject to shareholder approval at the Annual General Meeting to be held in London, UK on 27 April 2015. If approved, the final dividend of 16 US cents per share is to be paid on 30 April 2015 to shareholders on the register as of 7 April 2015.