Regulatory News

RNS Number : 5058E

Dragon Oil PLC

22 December 2009

DRAGON OIL PLC
("Dragon Oil")

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES

1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attachedii:

Dragon Oil Plc

2. Reason for the notification (please tick the appropriate box or boxes):

[X] an acquisition or disposal of voting rights

[ ] an acquisition or disposal of financial instruments which may result in the acquisition of shares already issued to which voting rights are attached

[ ] an event changing the breakdown of voting rights

[ ] Other

3. Full name of person(s) subject to the notification obligationiii:

Baillie Gifford & Co

4. Full name of shareholder(s) (if different from 3.)iv:

Baillie Gifford Overseas Limited and Baillie Gifford& Co as discretionary managers for their clients

5. Date of the transaction and date on which the threshold is crossed or reachedv:

18 December 2009

6. Date on which issuer notified:

21 December 2009

7. Threshold(s) that is/are crossed or reached:

5%

8. Notified details:

A) Voting rights attached to shares
Class/type of shares (if possible use ISIN code)	Situation previous to the triggering transactionvi		Resulting situation after the triggering transactionvii
	Number of sharesviii	Number of voting rightsix	Number of sharesx	Number of voting rightsxi		Percentage of voting rights
				Directxii	Indirectxiii	Direct	Indirect
IE0000590798	20,717,902	20,717,902	26,658,702		26,658,702		5.18%
SUBTOTAL A (based on aggregate voting rights)	20,717,902	20,717,902	26,658,702	5.18%		5.18%

B) Financial Instruments
Resulting situation after the triggering transactionxiv
Type of financial instrument	Expiration datexv	Exercise/ conversion period/datexvi	No. of voting rights that may be acquired (if the instrument exercised/converted)	Percentage of voting rights
N/A	N/A	N/A	N/A	N/A
SUBTOTAL B (in relation to all expiration dates): N/A

Total (A+B)	number of voting rights	% of voting rights
	26,658,702	5.18%

9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicablexvii:

Baillie Gifford & Co (parent company)

Baillie Gifford Overseas Limited (wholly owned subsidiary of Baillie Gifford & Co)

10. In case of proxy voting: N/A

11. Additional information: N/A

Done at Edinburgh on 21 December 2009

This information is provided by RNS

The company news service from the London Stock Exchange

END

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