Directorate Change

Gulf Keystone Petroleum Ld
11 May 2005



11 May 2005



                        GULF KEYSTONE PETROLEUM LIMITED

                       ("Gulf Keystone" or "the Company")



                  Appointment of a new Chief Financial Officer





Gulf Keystone Petroleum, Ltd. (AIM-GKP), an independent oil exploration company
operating in the Republic of Algeria, is pleased to announce the appointment of
Caroline A. Brown as Chief Financial Officer in succession to Ali Al-Qabandi who
becomes Vice President, Business Development.



Caroline Brown is an experienced finance professional with executive and
advisory experience in diverse industry sectors. Most recently, she was the
Director of Finance Change at Norwich Union Insurance, part of Aviva plc.
Previously she was Chief Financial Officer and a main board director with
Netcall plc, an AIM-listed software and technology company. Dr. Brown has UK and
international banking experience in the energy sector as Director of Corporate
Finance with UBS and HSBC.



Caroline Brown, aged 42, is a qualified accountant, an MBA and has a PhD in
natural sciences from Cambridge University. She is currently a non-executive
director of WSP Group plc. There are no other matters to be disclosed with
respect to schedule 2F of the AIM rules.





Todd Kozel, Chief Executive Officer of Gulf Keystone said:



"I would like to welcome Caroline Brown to the Board as Chief Financial Officer.
Her experience and qualifications will form a vital part of the Gulf Keystone
management as we seek to drive the company forward following recent licence wins
in Algeria and our flotation on AIM."





Enquiries



Citigate Dewe Rogerson                           020 7638 9571
Media: Martin Jackson / George Cazenove
Analysts: Kate Delahunty / Nina Soon


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