DGO.L Regulatory News (DGO)

25 March 2013

DRAGON OIL PLC

(the "Company" or together with its subsidiaries "Dragon Oil" or the "Group")

Board change

Dragon Oil plc (Ticker: DGO), an international oil and gas exploration, development and production company, today announces that Nigel McCue has informed the Company of his intention to step down from the Board of Directors of the Company with effect from today, 25 March 2013.

Mr McCue has served on the Board of the Company for more than 10 years having been appointed in April 2002. He has also served as the Senior Independent Non-executive Director. Having been on the Board of the Company for a long uninterrupted period, Mr McCue has gained a unique in-depth understanding of the Group's business and history. He brought substantial business expertise gained from many years of working in the petroleum industry in senior roles at international oil and gas companies, as well as his financial knowledge to the Company's Board.

Thor Haugnaess has temporarily assumed the role of Senior Independent Non-executive Director. The Board will now commence a search for an additional Independent Director.

Mr Mohammed Al Ghurair, Chairman, commented:

"Nigel has contributed significantly to Dragon Oil's growth through his invaluable knowledge and many years of extensive experience of working in the oil and gas industry. I, my fellow Board members and the senior management of the Company would like to extend our appreciation for Nigel's 10 years' service on the Board and wish him success in his other business commitments."

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For further information please contact:

Investor and analyst enquiries

Dragon Oil plc (+44 (0)20 7647 7804)

Anna Gavrilova

Media enquiries

Citigate Dewe Rogerson (+44 (0)20 7638 9571)

Martin Jackson

About Dragon Oil

Dragon Oil plc is an international oil and gas exploration, development and production company, quoted on the London and Irish Stock exchanges (Ticker symbol: DGO). Its principal producing asset is in the Cheleken Contract Area, in the eastern section of the Caspian Sea, offshore Turkmenistan.

Dragon Oil (Turkmenistan) Ltd., a wholly owned subsidiary of Dragon Oil plc, holds 100% interest in and is the operator of the Production Sharing Agreement for the Cheleken Contract Area. The operational focus is on the re-development of two oil-producing fields, Dzheitune (Lam) and Dzhygalybeg (Zhdanov).

www.dragonoil.com

Disclaimer

This news release may contain forward-looking statements concerning the financial condition and results of operations of Dragon Oil. Forward-looking statements are statements of future expectations that are based on management's current expectations and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in these statements. No assurances can be given as to future results, levels of activity and achievements and actual results, levels of activity and achievements may differ materially from those expressed or implied by any forward-looking statements contained in this report. Dragon Oil does not undertake any obligation to update publicly or revise any forward-looking statement as a result of new information, future events or other information.