| October 16, 2009 Directors' Shareholdings: RULE 17 Disclosure | |
| Gulfsands Petroleum Plc. (the 'Company') As has been previously notified, in connection with borrowing arrangements Mr. Mahdi Sajjad and Mr. Ken Judge have granted security over all of their and their connected persons' holdings of the Company's shares. These holdings aggregate 8,205,268 shares in the case of Mr. Sajjad (correcting the figure of 8 224 935 previously reported in error) and 3 966 750 in the case of Mr. Judge, representing 6.83% and 3.30% respectively of the Company's total shares in issue. As a result of a change of security arrangements on the part of both Mr. Sajjad and Mr. Judge, the hitherto existing security arrangements have now been terminated and replaced by new security arrangements, in each case encompassing all of Mr. Sajjad's and Mr. Judge's own and their connected parties' shares. For further information: Gulfsands Petroleum (London): +44 (0)20 7434 6060 Richard Malcolm, Chief Executive Officer Kenneth Judge, Director of Corporate Development: +44 (0)7733 001 002 Buchanan Communications Limited (London): +44 (0)20 7466 5000 Bobby Morse RBC Capital Markets (London): +44 (0)20 7653 4667 Sarah Wharry | |
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