Transaction in Own Shares

Dragon Oil plc ("Dragon Oil")

Transaction in Own Shares

Dragon Oil announces that on 26 July 2012 it purchased for cancellation 60,163 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 548.5 GB pence and the lowest price paid was 530.5 GB pence. Following the above purchase, Dragon Oil will have 499,466,458 ordinary shares in issue.

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