Holding(s) in Company

Gulf Keystone Petroleum Ld
28 November 2006


Letter to Gulf Keystone Petroleum Ltd
Dated 8th November 2006

Re: GULF KEYSTONE PETROLEUM LTD

In accordance with the provisions of Section 198 of the Companies Act 1985 as
amended by the Disclosure of Interest in Shares (Amendment) Regulations 1993,
we write to inform you that VIDACOS NOMINEES LTD A/C 2303 now has a reportable
interest in your company as the result of an issued share capital adjustment
on 6th November 2006.  As a result, an entry in the Company's Register of 
Interests should be made as follows:

Registered holder name/custodian:     VIDACOS NOMINEES LTD  A/C  2303
Beneficial owner name:                AlphaGen Volantis Fund - Prime Brokerage
Fund Manager name:                    Gartmore Investment Limited
Amount of holding:                    8,450,000 Ordinary USD0.01 Shares
Percentage holding:                   3.07%

This holding has been acquired by Gartmore Investment Limited for investment
purposes only, on behalf of the client/fund.  The percentage holding is based
on the number of shares in issue, 275,480,140 as supplied to us by Extel
Financial Limited.

From:  Elizabeth Friedman
       Assistant Manager, Data Administration
       Investment Operations
       Gartmore Investment Limited





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