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12 Sep 2011 09:44
12 September 2011
Dragon Oil plc ("Dragon Oil" or the "Company")
Notice of dividend currency exchange rates - 2011 interim dividend
On 10 August 2011, Dragon Oil announced a 2011 interim dividend of US cents 9 per share. Shareholders (other than shareholders holding their shares within CREST) with registered addresses in the UK are to be paid their dividends in pounds sterling. Those with registered addresses in European countries, which have adopted the euro, are to be paid in euro. Shareholders with registered addresses in all other countries are to be paid in US dollars. Shareholders were, however, given the option to elect to be paid their dividends in a currency other than their default currency, and were given a choice of US dollars, euro or pounds sterling provided such election was received by the Company's registrars by 19 August 2011.
The exchange rate for the pound sterling or euro amounts payable was determined by reference to the exchange rates applicable to the US dollar on the closest practicable date, being 12 September 2011, to the dividend payment date.
The following table details the currency exchange rates applicable for the 2011 interim dividend:
Dividend US cents 9 per share
Exchange Rate
1 USD = 0.7366 EUR
1 USD = 0.6306 GBP
The final dividend is to be paid on 23 September 2011. The interim dividend is not subject to shareholder approval.
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