Transaction in Own Shares - Replacement

The following amendments have been made to the 'Transaction in Own Shares' announcement released on 8 August 2012 by Dragon Oil at 7.00 a.m. under RNS No 5257J.

Amendments have been made to the number of ordinary shares purchased for cancellation, highest price paid, lowest price paid and the number of ordinary shares in issue following the purchase.

All other details remain unchanged.

The full amended text is shown below.

Dragon Oil plc ("Dragon Oil")

Transaction in Own Shares

Dragon Oil announces that on 7 August 2012 it purchased for cancellation 225,000 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 600.00 GB pence and the lowest price paid was 599.50 GB pence. Following the above purchase, Dragon Oil will have 496,682,884 ordinary shares in issue.

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