Transaction in Own Shares

Dragon Oil plc ("Dragon Oil")

Transaction in Own Shares

Dragon Oil announces that on 27 June 2012 it purchased for cancellation 119,251 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 533.5 GB pence and the lowest price paid was 524.0 GB pence. Following the above purchase, Dragon Oil will have 505,607,291 ordinary shares in issue.

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