Notification of Major Interests in Shares

Immediate Release 29 January 2009

Gulfsands Petroleum plc ("the Company")

Notification of Major Interests in Shares

The Company was notified on 27 January 2009 that following a purchase
of shares on 23 January 2009 British Coal Staff Superannuation Scheme
now has voting rights over 3,584,358 shares representing 3.02% of the
total issued and voting share capital of the Company.

For more information please contact:

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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