Transaction in Own Shares

Dragon Oil plc ("Dragon Oil")

Transaction in Own Shares

Dragon Oil announces that on 14 June 2012 it purchased for cancellation 644,908 of its ordinary shares pursuant to the irrevocable arrangement (without Company discretion) that it entered into with Nomura International plc and J&E Davy. The highest price paid was 546.00 GB pence and the lowest price paid was 537.25 GB pence. Following the above purchase, Dragon Oil will have 508,399,293 ordinary shares in issue.

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