Transaction in Own Shares

Dragon Oil plc ("Dragon Oil")

Transaction in Own Shares

Dragon Oil announces that on 13 July 2012 it purchased for cancellation 505,964 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 576.00 GB pence and the lowest price paid was 567.00 GB pence. Following the above purchase, Dragon Oil will have 501,581,211 ordinary shares in issue.

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