Notice Pursuant to Part 17, Chapter 4 of the Companies Act 2014

To: Dragon Oil (the 'Company')

6th Floor, South Bank House
Barrow Street
Dublin 4
Ireland

The matters set out in the table below are hereby notified by the person named as the Notifier in the table below pursuant to Part 17, Chapter 4 of the Companies Act 2014 of Ireland.

Name of person, body corporate, firm, etc. having the notifiable interest ('Notifier')

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

Address of the Notifier

Calton Square, 1 Greenside Row, Edinburgh, Scotland, EH1 3AN

Date of this notice

21 August 2015

Notifiable event ('Event')

An event changing the breakdown of voting rights.

Date of Event

20 August 2015

No. of shares in which interested immediately before the Event

No.

Class

14,898,758

Ordinary Shares

No. of shares in which interested immediately following the Event

14,434,072Ordinary Shares

Details of each registered holder of the shares if different from the Notifier

No. of shares before the Event

No. of shares after the Event

Name and address of registered holder

Baillie Gifford & Co (BG&Co) is a Scottish Partnership and is the ultimate parent of a group of companies. Baillie Gifford Overseas Limited (BGO) is a wholly owned subsidiary of BG&Co. Both companies are investment managers who act under discretionary investment management agreements for their clients.

The address for BG&Co and BGO isCalton Square, 1 Greenside Row, Edinburgh, Scotland, EH1 3AN.

Does the notifiable interest arise from an agreement referred to in Section 1055 of the Companies Act 2014 of Ireland? (If yes, provide names and addresses of the parties to the agreement, the number of shares each party is interested in individually and the registered holder of such shares if different.)

No.

Yours sincerely,

____________________

for and on behalf of Baillie Gifford & Co and Baillie Gifford Overseas Limited


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