Transaction in Own Shares

Dragon Oil plc ("Dragon Oil")

Transaction in Own Shares

Dragon Oil announces that on 25 June 2012 it purchased for cancellation 251,070 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 535.5 GB pence and the lowest price paid was 520.5 GB pence. Following the above purchase, Dragon Oil will have 506,001,241 ordinary shares in issue.

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