Transaction in Own Shares

Dragon Oil plc ("Dragon Oil")

Transaction in Own Shares

Dragon Oil announces that on 22 June 2012 it purchased for cancellation 372,282 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 544 GB pence and the lowest price paid was 532 GB pence. Following the above purchase, Dragon Oil will have 506,252,311 ordinary shares in issue.

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