Dana Gas PJS : Disclosure by Dana Gas Sukuk Limited (the "Issuer")

Sukuk - Buyback

We earlier disclosed on 5th August 2015 that we have been advised by Dana Gas PJSC (the "Company" and "Obligor") of the buyback of US$12.1 million 9% Ordinary Sukuk Reg S (the "Ordinary Sukuk") of the Issuer. . Following this, the Obligor has advised the Issuer that the Ordinary Sukuk has been delivered to Deutsche Bank AG, London Branch (in its capacity as "Principal Paying Agent") on 24th August 2015 and has since then been cancelled.

Further, we have been advised by the Obligor that in August 2015, an additional buyback of US$12.8 million Ordinary Sukuk and US$2.2 million of 7% Exchangeable Sukuk - Reg S ("Exchangable Sukuk")of the Issuer has taken place.

The total cumulative Ordinary and Exchangeable Sukuk buyback is therefore currently at US$27.1 million.

We understand that the Obligor will be delivering US$15 million of the additionally bought back Sukuk (both Ordinary and Exchangeable) as referred above, in due course, to the Principal Paying Agent to have the same cancelled in accordance with the terms and conditions of Sukuk documents.

Date: 27th August 2015