Holding(s) in Company

Gulf Keystone Petroleum Ld 11 May 2007 TR-1: NOTIFICATION OF MAJOR INTERESTS IN SHARES (1). Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached: GULF KEYSTONE PETROLEUM LTD 2. Reason for the notification (please state Yes/No): ( ) An acquisition or disposal of voting rights: ( X ) An acquisition or disposal of financial instruments which may result in the acquisition of shares already issued to which voting rights are attached: ( ) An event changing the breakdown of voting rights: ( ) Other (please specify) : ( ) 3. Full name of person(s) subject to the notification obligation: FIDELITY INTERNATIONAL LIMITED (FIL) 4. Full name of shareholder(s) (if different from 3.): SEE ATTACHED SCHEDULE 5. Date of the transaction and date on which the threshold is crossed or reached if different): 9 MAY 2007 6. Date on which issuer notified: 11 MAY 2007 7. Threshold(s) that is/are crossed or reached: 5% 8. Notified details: A: Voting rights attached to shares Class/type of shares Situation previous to if possible using the the Triggering ISIN CODE transaction Number of shares Number of voting Rights ISIN BMG4209G1087 13,937,943 13,937,943 Resulting situation after the triggering transaction Class/type of shares Number of shares Number of voting rights % of voting rights if possible using the ISIN CODE Direct Direct Indirect Direct Indirect ISIN BMG4209G1087 5,918,948 2.14% B: Financial Instruments Resulting situation after the triggering transaction Type of Expiration Date Exercise/Conversion Number of voting % of voting financial Period/ Date rights that may be rights instrument acquired if the instrument is exercised/ converted. Total (A+B) Number of voting rights % of voting rights 5,918,948 2.14% 9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: SEE ATTACHED SCHEDULE Proxy Voting: 10. Name of the proxy holder: FIDELITY INTERNATIONAL LIMITED (FIL) 11. Number of voting rights proxy holder will cease to hold: 8,018,995 12. Date on which proxy holder will cease to hold voting rights: 9 MAY 2007 13. Additional information: 14. Contact name: TERESA GARRY 15. Contact: fil-regulatoryreporting@uk.fid-intl.com FIL ISSUER NAME: GULF KEYSTONE PETROLEUM LTD CURRENT OWNERSHIP PERCENTAGE: 2.14% TOTAL SHARES HELD: 5,918,948 ISSUED SHARE CAPITAL: 275,480,140 FIDELITY INTERNATIONAL LIMITED (FIL) IS THE PARENT HOLDING COMPANY FOR VARIOUS DIRECT AND INDIRECT SUBSIDIARIES, INCLUDING FIDELITY FUND MANAGEMENT LIMITED (FFML), FIDELITY INVESTMENT SERVICES LTD (FISL), FIDELITY GESTION (FIGEST), FIDELITY INVESTMENTS ADVISORY (KOREA) LIMITED (FIAKL), FIDELITY INVESTMENTS MANAGEMENT (HONG KONG) LIMITED (FIMHK), FIDELITY PENSION MANAGEMENT (FPM), FIDELITY INVESTMENTS JAPAN (FIJ) AND FIDELITY INVESTMENTS INTERNATIONAL (FII), INVESTMENT MANAGERS FOR VARIOUS NON-US INVESTMENT COMPANIES AND INSTITUTIONAL CLIENTS. MANAGEMENT SHARES HELD NOMINEE COMPANY 131,284 STATE STR BK AND TR CO LNDN(S FPM 776,300 NORTHERN TRUST LONDON FPM 957,238 JP MORGAN, BOURNEMOUTH FPM 2,489,325 JP MORGAN, BOURNEMOUTH FISL 869,043 BROWN BROS HARRIMN LTD LUX FIL 695,760 JP MORGAN, BOURNEMOUTH FII This information is provided by RNS The company news service from the London Stock Exchange
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