Transaction in Own Shares

Dragon Oil plc ("Dragon Oil")

Transaction in Own Shares

Dragon Oil announces that on 23 October 2012 it purchased for cancellation 445,111 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 569.50 GB pence and the lowest price paid was 558.00 GB pence. Following the above purchase, Dragon Oil will have 490,200,579 ordinary shares in issue.

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