Transaction in Own Shares

Dragon Oil plc ("Dragon Oil")

Transaction in Own Shares

Dragon Oil announces that on 28 June 2012 it purchased for cancellation 94,049 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 534.0 GB pence and the lowest price paid was 525.5 GB pence. Following the above purchase, Dragon Oil will have 505,513,242 ordinary shares in issue.

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