Holding(s) in Company

Immediate Release 27 June 2008
Gulfsands Petroleum plc ("the Company")

Notification of Major Interests in Shares


The Company  was notified  on  26 June  2008  by Schroders  plc  that
following a  purchase  of shares  on  25 June,  Schroders  Investment
Management is now interested in 13,928,195 shares representing 11.86%
of the Company's issued share capital.

Enquiries:


Gulfsands Petroleum                              [phone]
Kenneth Judge, Director of Corporate Development [phone]
Jon Bey, Investor Relations: North America       + 1 866 689 2599
Buchanan Communications Limited (London)         [phone]
Bobby Morse
Ben Willey

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

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