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Significant Shareholders of Gulfsands Petroleum plc as of 1 July 2008 (3% or more)

Significant Shareholders
Number of Ordinary Shares
% of Total Shares Outstanding



Directors
        Hamilton Capital Partners Limited (1)
3,966,750
        Nordman Continental S.A. (2)
8,710,625
        David Cowan
437,500
        Andrew Rose
100,000

13,214,875
11.25%
Schroder Investment Management
13,853,195
11.79%
Abdul Rahman Mohdabdullah Kayed
11,000,000
9.36%
John Dorrier
9,098,750
7.75%
Al-Mashrek Global Invest Ltd.
7,000,000
5.96%
Och-Ziff Capital Management
5,460,100
4.65%
David DeCort
5,164,375
4.40%
George Robinson
5,000,000
4.26%
Hugh Sloan
5,007,240
4.26%
The Searle Family Trust
4,134,375
3.52%
Matterhorn Investment Management
4,258,409
3.63%

(1) Associate company of Kenneth Judge
(2) Nordman is owned by the IT - 5483 Trust, Grand Cayman, which is a discretionary trust, the trustees of which are Shelter Trust Anstalt Liechtenstein. Mr. Mahdi Sajjad's children are potential beneficiaries under the Trust.

Updated 20 June 2008