Transaction in Own Shares

Dragon Oil plc ("Dragon Oil")

Transaction in Own Shares

Dragon Oil announces that on 12 June 2012 it purchased for cancellation 591,528 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 545.00 GB pence and the lowest price paid was 535.00 GB pence. Following the above purchase, Dragon Oil will have 509,672,696 ordinary shares in issue.

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