Notification of Major Interest in Shares

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TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES
1. Identity of the issuer or the underlying issuer
of existing shares to which voting rights are
attached:		 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
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:		 Waterford Finance & Investment Limited
4. Full name of shareholder(s)
(if different from 3.):
5. Date of the transaction and date on
which the threshold is crossed or
reached:		 27 May 2014
6. Date on which issuer notified: 30 May 2014
7. Threshold(s) that is/are crossed or
reached: 		 26.78%
8. Notified details:
A: Voting rights attached to shares
Class/type of
sharesif 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
 Direct Direct  Indirect  Direct Indirect
Ordinary
GB00B06VGC01		 32,495,642 32,495,642 31,566,833 31,566,833 26.78%
B: Qualifying Financial Instruments
Resulting situation after the triggering transaction
Type of financial
instrument		 Expiration
date		 Exercise/
Conversion Period 		 Number of voting
rights that may be
acquired if the
instrument is
exercised/ converted.		 % of voting
rights
C: Financial Instruments with similar economic effect to Qualifying Financial Instruments 
Resulting situation after the triggering transaction
Type of financial
instrument		 Exercise price Expiration date Exercise/
Conversion period		 Number of voting rights instrument refers to % of voting rights 
Nominal Delta
Total (A+B+C)
Number of voting rights Percentage of voting rights
31,566,833 26.78%
9. Chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held, if applicable: 
Proxy Voting:
10. Name of the proxy holder:
11. Number of voting rights proxy holder will cease
to hold:
12. Date on which proxy holder will cease to hold
voting rights:
13. Additional information:
14. Contact name: Paul Conway
15. Contact telephone number: 07781 126014

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