Transaction in Own Shares

Dragon Oil plc ("Dragon Oil")

Transaction in Own Shares

Dragon Oil announces that on 18 June 2012 it purchased for cancellation 453,830 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 573.25 GB pence and the lowest price paid was 551.5 GB pence. Following the above purchase, Dragon Oil will have 507,472,130 ordinary shares in issue.

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