Transaction in Own Shares

Dragon Oil plc ("Dragon Oil")

Transaction in Own Shares

Dragon Oil announces that on 20 June 2012 it purchased for cancellation 294,032 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 564 GB pence and the lowest price paid was 550.5 GB pence. Following the above purchase, Dragon Oil will have 506,825,193 ordinary shares in issue.

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