DGO.L Regulatory News (DGO)

18 October 2011

This release replaces the announcement entitled "Transaction in Own Shares" released by Dragon Oil plc at 07.00am on Tuesday 18 October 2011 with RNS Number 3341Q . The following amendment has been made:

In the statement of the number of shares purchased by Dragon Oil plc, the correct number of shares purchased was 187,871 and not 375,968.

Dragon Oil plc ("Dragon Oil")

Transaction in Own Shares

Further to the announcement on 26 September 2011 of the commencement of a limited share buy-back programme to meet all relevant obligations arising from the Company's various share schemes, Dragon Oil announces that on 17 October 2011 it purchased for cancellation 187,871 of its ordinary shares pursuant to the irrevocable arrangement (without Company discretion) that it entered into with Nomura International plc and J&E Davy on 25 September 2011. The highest price paid was 483.00 GB pence and the lowest price paid was 479.00 GB pence. Following the above purchase, Dragon Oil will have 512,469,121 ordinary shares in issue.

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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

Kate Lehane