2025 Annual Report and Notice of 2026 Annual General Meeting

1 June 2026 

GULFSANDS PETROLEUM PLC 

2025 ANNUAL REPORT AND NOTICE OF ANNUAL GENERAL MEETING  

Gulfsands Petroleum plc (“Gulfsands” or the “Company“, the “Group”), the oil and gas company focused on growth in the Middle East and broader MENA region, is pleased to announce the Company’s Annual Report and Accounts for the year-ended 31 December 2025 (“2025 Annual Report and Accounts”) are now available to shareholders along with a Notice of the Annual General Meeting (“AGM”). The 2025 Annual Report and Accounts and Notice of the Annual General Meeting are available to download from the Company’s website, www.gulfsands.com and from the Company’s registered office at 8 Bishopsgate, London, EC2N 4BQ.  A letter has been dispatched to all shareholders explaining the arrangements for the AGM together with hard copies of the 2025 Annual Report and Accounts and Notice of AGM to any shareholders who have elected to receive them. 

Annual General Meeting (“AGM”) 

The Company’s Annual General Meeting will be held at 8 Bishopsgate, London, EC2N 4BQ on Thursday 25 June 2026 at 11.00 am. 

Highlights of the 2025 Annual Report and Accounts 

Syria Block 26 

• In 2025, following the fall of the Assad regime in late 2024 and the installation of a new transitional Government, all major Syria sanctions were lifted on a step-by-step basis by the United Kingdom, the European Union and the United States.  This was followed by the repeal of the Caesar Syria Civilian Protection Act (also known as the Caesar Act), by the US Congress in December 2025, which cleared the way for the international business community to embrace Syria again. 

• As a result of this, and the Syrian Petroleum Company (“SPC”) regaining control and custody of oil fields in the North-East of Syria in early 2026, Gulfsands has begun the process of recommencing Block 26 oil and gas operations.  

• On 10th March 2026 Gulfsands’ management, together with a delegation from the SPC, set foot back into Block 26 for the first time in over 14 years and on 23rd April 2026, Gulfsands’ Joint Operating Company, Dijla Petroleum Company (“Dijla”) was reconstituted and the new Board held its inaugural Board meeting attended by Gulfsands, SPC and Sinochem – launching a new era for the Block 26 project. 

• Gulfsands is now focussed on rebuilding the capacity and capabilities of Dijla, as it works to first stabilise operations, attending to critical Health, Safety, Security and Environmental issues, and then to enhance production.  It will then turn its attention to increasing production further through a high impact exploration programme.  

Business Development:  

• While the return to Syria remains a key priority, Gulfsands continues to explore other business opportunities in the region, in its quest to build Gulfsands into a major, multi-asset, multi-country energy company.  

 In issuing the 2025 Annual Report and Accounts, Gulfsands’ Managing Director Mr. John Bell said: 

“We are delighted to present our 2025 Annual Report and Accounts, which outlines the continued progress made by the Company during the last year. We hope that 2026 will be the year when Gulfsands returns to being a full-cycle E&P Company in Syria.  It is an exciting journey that we are embarking on to build the structure and organisation required to deliver our strategy.  It is a challenge that we relish, and together with our partners at SPC, Dijla, and Sinochem, we are confident that we can deliver for our shareholders and for the people of Syria”. 

For further information, please refer to the Company’s website at www.gulfsands.com or contact: 

Certain statements included herein constitute “forward-looking statements” concerning the Company within the meaning of applicable securities legislation. These forward-looking statements are based on certain assumptions made by Gulfsands and as such are not a guarantee of future performance. These forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied in such forward-looking statements. Many of these risks and uncertainties relate to factors that are beyond Gulfsands’ ability to control or estimate precisely, such as general economic and market conditions in various countries and regions, political risks, environmental and physical risks, legislative, fiscal and regulatory developments, drilling and production results, reserves estimates, changes in demand for Gulfsands’ products, increased costs of production or price fluctuations in crude oil and natural gas. Gulfsands cannot give any assurance that such forward-looking statements will prove to be correct. Gulfsands does not undertake any obligation to update or revise publicly any forward-looking statements set out herein, whether as a result of new information, future events or otherwise, except as required by applicable laws.