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Termination of Talks

8th Jun 2005 14:08

Dragon Oil PLC08 June 2005 Dragon Oil plc ("Dragon Oil" or "the Company") Following the announcement on June 6 that the Board of Dragon Oil ("the Board")had received an approach which may or may not lead to a partial offer for theCompany, the Board now confirms that it is no longer in talks in relation to anypossible offer. ENQUIRES: Davy Corporate Finance Limited Hugh McCutcheon/Ivan Murphy Tel: +353 1 679 6363 Citigate Dewe Rogerson Martin Jackson Tel: +44 20 7638 9571 The Directors of Dragon Oil accept responsibility for the information containedin this announcement. To the best of the knowledge and belief of the Directors(who have taken all reasonable care to ensure such is the case) the informationcontained in this announcement is in accordance with the facts and does not omitanything likely to effect the import of such information. Davy Corporate Finance Limited, which is regulated by the Irish FinancialServices Regulatory Authority, is acting for the Directors of Dragon Oil andno-one else in relation to the Approach and will not be responsible to anyoneother than the Directors for providing advice in relation to the Approach. 8 June, 2005 This information is provided by RNS The company news service from the London Stock Exchange

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