DIRECTORS' SHAREHOLDINGS: RULE 17 DISCLOSURE

6 February 2009
Gulfsands Petroleum plc ("the Company")
DIRECTORS' SHAREHOLDINGS: RULE 17 DISCLOSURE
Mr Mahdi Sajjad and Mr  Ken Judge, who are  Directors and two of  the
original founders of  the Company, have  confirmed formally that,  as
previously notified  to  the  Company, they  and/or  their  connected
persons have  from  time to  time  since the  Company's  shares  were
admitted to AIM  in 2005  entered into  borrowing arrangements  which
have involved granting  formal and informal  security over shares  in
the  Company  to  which  they  and/or  their  connected  persons  are
entitled.
Mr Sajjad and  Mr Judge have  further confirmed that  at the date  of
this announcement security arrangements subsist over their and  their
connected persons'  holdings  of 9  605  268  and 3  966  750  shares
respectively, representing approximately  8.1 per cent.  and 3.3  per
cent. respectively of the Company's total shares in issue.


Gulfsands Petroleum (London)                     [phone]
Ric Malcolm, Chief Executive Officer
Andrew Rose, Chief Financial Officer
Kenneth Judge, Director of Corporate Development [phone]

Buchanan Communications Limited (London)         [phone]
Bobby Morse

RBC Capital Markets (London)                     [phone]
Andrew K. Smith
Sarah Wharry

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