Transaction in Own Shares

Dragon Oil plc ("Dragon Oil")

Transaction in Own Shares

Dragon Oil announces that on 19 June 2012 it purchased for cancellation 352,905 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 554.5 GB pence. Following the above purchase, Dragon Oil will have 507,119,225 ordinary shares in issue.

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