Notification Of Major Interest In Shares

For filings with the FSA include the annex

For filings with issuer exclude the annex

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi

1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached: ii	Gulfsands Petroleum Plc
2. Reason for the notification (please tick the appropriate box or boxes):
An acquisition or disposal of voting rights
An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached	N/A
An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments	N/A
An event changing the breakdown of voting rights	N/A
Other (please specify): Change of share capital and voting rights after buyback program	N/A
3. Full name of person(s) subject to the notification obligation: iii	Codelouf Ltd
4. Full name of shareholder(s)  (if different from 3.):iv	UBS – Lynchwood Nominees JP Morgan Credit Suisse – Nominee account
5. Date of the transaction and date on which the threshold is crossed or reached: v	13 June, 2013
6. Date on which issuer notified:	13 June, 2013
7. Threshold(s) that is/are crossed or reached: vi, vii	Gone above 4%

8. Notified details:

A: Voting rights attached to shares viii, ix

Class/type of shares if possible using the ISIN CODE

Situation previous to the triggering transaction

Resulting situation after the triggering transaction

Number of Shares

Number of Voting Rights

Number of shares

Number of voting rights

% of voting rights x

Direct

Direct xi

Indirect xii

Direct

Indirect

GB00B06VGC01

N/A

N/A

N/A

N/A

4,731,689

N/A

4.01%

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financial instrument

Expiration date xiii

Exercise/ Conversion Period xiv

Number of voting rights that may be acquired if the instrument is exercised/ converted.

% of voting rights

N/A

N/A

N/A

N/A

N/A

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi

Resulting situation after the triggering transaction

Type of financial instrument

Exercise price

Expiration date xvii

Exercise/ Conversion period xviii

Number of voting rights instrument refers to

% of voting rights xix, xx

N/A

N/A

N/A

N/A

N/A

Nominal

Delta

N/A

N/A

Total (A+B+C)
Number of voting rights								Percentage of voting rights
4,731,689								4.02%

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

N/A

Proxy Voting:
10. Name of the proxy holder:		N/A
11. Number of voting rights proxy holder will cease to hold:		N/A
12. Date on which proxy holder will cease to hold voting rights:		N/A

13. Additional information:	N/A
14. Contact name:	Nic Poole
15. Contact telephone number:	+27 795 260 928