Transaction in Own Shares

Dragon Oil plc ("Dragon Oil")

Transaction in Own Shares

Dragon Oil announces that on 6 July 2012 it purchased for cancellation 566,229 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 573.00 GB pence and the lowest price paid was 563.00 GB pence. Following the above purchase, Dragon Oil will have 503,550,823 ordinary shares in issue.

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