Notification of Major Interest in SharesMay 16th, 2011

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
GB00B06VGC01
2 Reason for the notification (please tick the appropriate box or boxes):
An acquisition or disposal of voting rights

X

An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached
An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments
An event changing the breakdown of voting rights
Other (please specify):
3. Full name of person(s) subject to the
notification obligation:
iii

Norges Bank

4. Full name of shareholder(s)
 (if different from 3.):iv

N/A

5. Date of the transaction and date on
which the threshold is crossed or
reached:
v

12 May 2011

6. Date on which issuer notified:

16 May 2011

7. Threshold(s) that is/are crossed or
reached:
vi, vii

3%

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

 3,606,386

3,606,386 4,306,386 4,306,386

3.53%

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
4,306,386 3.53%
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: Norges Bank
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:

None

14. Contact name:

Sarah Sunde

15. Contact telephone number:

+47 2407 3143