Transaction in Own Shares

Dragon Oil plc ("Dragon Oil")

Transaction in Own Shares

Dragon Oil announces that on 21 June 2012 it purchased for cancellation 200,600 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 557 GB pence and the lowest price paid was 546 GB pence. Following the above purchase, Dragon Oil will have 506,624,593 ordinary shares in issue.

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Dragon Oil plc (+44 (0)20 7647 7804)

Anna Gavrilova

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Martin Jackson

Kate Lehane