Notification of Major Interest in SharesDecember 22nd, 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
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
Soyuzneftegas Capital Limited
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
21 December 2011
6. Date on which issuer notified: 21 December 2011
7. Threshold(s) that is/are crossed or
reached:
vi, vii
5.00%
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
Ordinary
GB00B06VGC01
3,997,486 3,997,486 5,969,298 5,969,298 N/A 5.07% N/A
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 N/A N/A
N/A N/A
Total (A+B+C)
Number of voting rights Percentage of voting rights
5,969,298 5.07%
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: Alison Blackwood
15. Contact telephone number: 01481 737992