Directors' Shareholdings: RULE 17 Disclosure

Immediate Release   16 October 2009



GULFSANDS PETROLEUM PLC (the 'Company')

            Directors' Shareholdings: RULE 17 Disclosure

As has been previously notified, in connection with borrowing
arrangements Mr Mahdi Sajjad and Mr Ken Judge have granted security
over all of their and their connected persons' holdings of the
Company's shares.

These holdings aggregate 8,205,268 shares in the case of Mr Sajjad
(correcting the figure of 8 224 935 previously reported in error) and
3 966 750 in the case of Mr Judge, representing 6.83% and 3.30%
respectively of the Company's total shares in issue.

As a result of a change of security arrangements on the part of both
Mr Sajjad and Mr Judge, the hitherto existing security arrangements
have now been terminated and replaced by new security arrangements,
in each case encompassing all of Mr Sajjad's and Mr Judge's own and
their connected parties' shares



For further information:


Gulfsands Petroleum (London)
                               [phone]
Richard Malcolm, Chief Executive Officer
Kenneth Judge, Director of Corporate Development         +44 (0)7733
001 002
& Communications

Buchanan Communications Limited (London)             [phone]
5000
Bobby Morse

RBC Capital Markets (London)                                      +44
(0)20 7653 4667
Sarah Wharry

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