Transaction in Own Shares

Dragon Oil plc ("Dragon Oil")

Transaction in Own Shares

Dragon Oil announces that on 11 June 2012 it purchased for cancellation 573,053 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 542.25 GB pence and the lowest price paid was 539.50 GB pence. Following the above purchase, Dragon Oil will have 510,264,224 ordinary shares in issue.

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