DTR5 Disclosure

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TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES ⁱ

1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached: ⁱⁱ		Gulfsands Petroleum Plc
2 Reason for the notification (please tick the appropriate box or boxes):
An acquisition or disposal of voting rights			ü
An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached
An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments
An event changing the breakdown of voting rights
Other (please specify):
3. Full name of person(s) subject to the notification obligation: ⁱⁱⁱ	Schroders plc
4. Full name of shareholder(s) (if different from 3.):^iv
5. Date of the transaction and date on which the threshold is crossed or reached: ^v	09.11.2011
6. Date on which issuer notified:	10.11.2011
7. Threshold(s) that is/are crossed or reached: ^{vi, vii}	18% - 17%

9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: ^xxi
Schroder Investment Management Limited 21,103,061 17.852% Schroder Investment Management North America Limited 99,035 0.084%

Proxy Voting:
10. Name of the proxy holder:
11. Number of voting rights proxy holder will cease to hold:
12. Date on which proxy holder will cease to hold voting rights:

13. Additional information:	The shares referred to in section 9 are held in portfolios managed by those firms on a discretionary basis for clients under investment management agreements.
14. Contact name:	Taryn O'Donoghue
15. Contact telephone number:	020 7658 6000

Note: Annex should only be submitted to the FSA not the issuer
Annex: Notification of major interests in share

A: Identity of the persons or legal entity subject to the notification obligation
Full name (including legal form of legal entities)	Schroder Plc
Contact address (registered office for legal entities)	31 Gresham Street London EC2V 7QA
Phone number & email	020 7658 2959 groupdisclosure@schroders.com
Other useful information (at least legal representative for legal persons)	Group Disclosure Team

B: Identity of the notifier, if applicable
Full name	Taryn O'Donoghue
Contact address
Phone number & email	020 7658 2959
Other useful information (e.g. functional relationship with the person or legal entity subject to the notification obligation)

C: Additional information

For notes on how to complete form TR-1 please see the FSA website.

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