Shareholder Notification

London, 30th October, 2014: Gulfsands Petroleum plc (“Gulfsands” or the “Company” – AIM: GPX), the oil and gas production, exploration and development company with activities in Syria, Morocco, Tunisia, Colombia and the U.S.A. advises of the following changes in relation to shares held by a significant shareholder.

The Company has today been informed by Waterford Finance & Investment Ltd (“Waterford”) that as of 10th July 2014, Waterford held 30,616,833 shares, representing 25.97% of the ordinary shares outstanding. Further to this the Company has also been informed that as of 14th October 2014, Waterford held 30,776,883 shares, representing 26.11% of the ordinary shares outstanding.

Separately, the Company has also been made aware of dealings in the Company’s shares by Waterford in the period between 15th October 2014 and 23rd October 2014.

Following these dealings and as of today’s date, Waterford now holds 31,246,833 ordinary shares in the Company, representing 26.51% of the ordinary shares outstanding.

 

Gulfsands Petroleum	+44 (0)20 7024 2130
Mahdi Sajjad, Chief Executive Officer Kenneth Judge, Commercial Director
Buchanan	+44 (0)20 7466 5000
Bobby Morse Ben Romney
RBC Capital Markets	+44 (0)20 7653 4000
Matthew Coakes Daniel Conti Jakub Brogowski
FirstEnergy Capital	+44(0)20 7448 0200
Majid Shafiq Jonathan Wright