Transaction in Own Shares

Dragon Oil plc ("Dragon Oil")

Transaction in Own Shares

Dragon Oil announces that on 15 June 2012 it purchased for cancellation 550,000 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 565.00 GB pence and the lowest price paid was 563.00 GB pence. Following the above purchase, Dragon Oil will have 507,849,293 ordinary shares in issue.

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Kate Lehane