2020 Annual Report and Notice of Annual General Meeting

Gulfsands Petroleum plc (“Gulfsands” or the “Company“, the “Group”), the oil and gas company focused on the Middle East and broader MENA region, is pleased to announce the Company’s Annual Report and Accounts for the year-ended 31 December 2020 (“2020 Annual Report and Accounts”) are now available to shareholders along with a Notice of the Annual General Meeting (“AGM”).  The 2020 Annual Report and Accounts and Notice of AGM are available to download from the Company’s website, www.gulfsands.com and from the Company’s registered office at 60 Gracechurch Street, London, EC3V 0HR.  A letter has been dispatched to all shareholders explaining the arrangements for the AGM together with hard copies of the 2020 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 70 Gracechurch Street, London, EC3V 0HR on Thursday 24 June 2021 at 11.00 am.

Our preference had been to welcome shareholders in person to our 2021 AGM, particularly given the constraints we faced in 2020 due to the Covid-19 pandemic. However, given the on-going issues and the current guidance from the UK Government that indoor public gatherings are not permitted, which includes attending an AGM, we are therefore proposing to hold the AGM with the minimum attendance required to form a quorum. Shareholders are asked not to attend the AGM in person but can be represented by the Chair of the meeting acting as their proxy.

Given the constantly evolving nature of the situation, should government guidelines change before the time of the AGM, we want to ensure that we are able to adapt arrangements and to welcome shareholders to the AGM, within safety constraints and in accordance with government guidelines. Should we consider that it has become possible to do so, we will notify shareholders of the change via our website at https://www.gulfsands.com/

Should shareholders wish to raise any questions ahead of the AGM, they are invited to do so via email to the Company at info@gulfsands.com.

In issuing the 2020 Annual Report and Accounts, Gulfsands’ Managing Director Mr. John Bell said:

“With the strong support of its shareholders, Gulfsands has now become an efficient business that can focus on Syria and selected business development opportunities in the Middle East and broader MENA region. The world class Block 26 assets remain at the core of Gulfsands’ strategy and preparing for Syria re-entry, once UK Sanctions and the security situation permit, continues to be the principal focus”.

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

Gulfsands Petroleum Plc	+44 (0)20 3929 9476
Michael Kroupeev, Non-Executive Chairman John Bell, Managing Director Andrew Morris, Finance Director
Camarco	+44 (0)20 3757 4983
Billy Clegg / Owen Roberts

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.