Gulf Keystone Petroleum Ltd

Share Issue/Capital Change • Apr 22, 2013

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RNS Number : 8463C

Gulf Keystone Petroleum Ltd.

22 April 2013

Not for release, publication or distribution in or into the United States or jurisdictions other than the United Kingdom and Bermuda where to do so would constitute a contravention of the relevant laws of such jurisdiction.

22 April 2013

Gulf Keystone Petroleum Ltd. (AIM: GKP)

("Gulf Keystone" or "the Company")

Director's Shareholdings

Gulf Keystone was informed on 19 April 2013 by Mr Todd F Kozel ("Mr Kozel"), Executive Chairman and Chief Executive Officer of the Company, that on 19 April 2013 he transferred ten million (10,000,000) common shares of USD 0.01 in the Company to a third party, in respect of a repayment in full under a financing arrangement, at a price of £1.6875 per share.  Mr Kozel no longer has any interest in the common shares transferred.  Mr Kozel has no present intention of disposing of the balance of his common shares.

As a result of the transfer of common shares, Mr Kozel now holds:

	Common shares held directly	Interests in common shares held subject to the discretion of the EBT Trustee	% of enlarged issued share capital	Number of options over common shares under the Share Option Plan
Todd Kozel	255,004	-	0.03	13,961,473

Enquiries:

Gulf Keystone Petroleum	+44 (0)20 7514 1400
Ewen Ainsworth, Finance Director
Anastasia Vvedenskaya, Investor Relations
Strand Hanson Limited	+44 (0)20 7409 3494
Simon Raggett/Rory Murphy/James Harris
Mirabaud Securities LLP	+44 (0)20 7878 3362
Peter Krens
Pelham Bell Pottinger	+44 (0)20 7861 3232
Mark Antelme/Henry Lerwill

or visit: www.gulfkeystone.com

Notes to Editors:

·    Gulf Keystone Petroleum Ltd. (AIM: GKP) is an independent oil and gas exploration and production company focused on exploration in the Kurdistan Region of Iraq.

·    The Company's shares have traded on the AIM market of the London Stock Exchange since listing on 8 September 2004.

·    Gulf Keystone Petroleum Limited is registered in Hamilton, Bermuda with further offices in Erbil, Kurdistan (Iraq), Algiers, Algeria and London, UK.

·    Gulf Keystone Petroleum International (GKPI) holds Production Sharing Contracts for four exploration blocks in Kurdistan, including the Shaikan, Sheikh Adi, Ber Bahr and Akri-Bijeel blocks.

·    GKPI is the Operator of the Shaikan Block, which is a major commercial discovery, with a working interest of 75 per cent and is partnered with Kalegran Ltd. (a 100 per cent subsidiary of MOL Hungarian Oil and Gas Plc.) and Texas Keystone Inc., which have working interests of 20 per cent and 5 per cent respectively.  Texas Keystone Inc. holds its interest in trust for Gulf Keystone, pending transfer of its interest to the Company.

Not for release, publication or distribution, directly or indirectly, in or into the United States or jurisdictions other than the United Kingdom and Bermuda where to do so would constitute a contravention of the relevant laws of such jurisdiction.  This announcement (and the information contained herein) does not contain or constitute an offer of securities for sale, or solicitation of an offer to purchase securities, in the United States or jurisdictions other than the United Kingdom and Bermuda where to do so would constitute a contravention of the relevant laws of such jurisdiction.  The securities referred to herein have not been and will not be registered under the US Securities Act of 1933, as amended (the "Securities Act"), and may not be offered or sold in the United States unless the securities are registered under the Securities Act, or an exemption from the registration requirements of the Securities Act is available.  No public offering of the securities will be made in the United States.

This information is provided by RNS

The company news service from the London Stock Exchange

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