Dividend Payment

20 September 2019

Gulf Keystone Petroleum Ltd. (LSE: GKP)

("Gulf Keystone", "GKP" or "the Company")

Dividend Payment

At Gulf Keystone's Annual General Meeting on 21 June 2019, shareholders approved the distribution of a total cash dividend of $50 million for the year ended 31 December 2018. The initial one third tranche was paid on 5 July 2019 and the remaining two thirds balance (the "Second Tranche") will be paid on 4 October 2019.

The Second Tranche is equivalent 14.528787 US cents per common share of the Company ("Common Share"). It has been converted into pounds sterling at a rate of $1: £0.79930 prevailing on 19 September 2019, and hence a dividend of 11.612860p per Common Share will be paid on 4 October to those shareholders on the register of members of the Company as at 20 September 2019.

The information communicated in this announcement is inside information for the purposes of Article 7 of Regulation 596/2014.

Enquiries:

or visit: www.gulfkeystone.com 

Notes to Editors:

Gulf Keystone Petroleum Ltd. (LSE: GKP) is a leading independent operator and producer in the Kurdistan Region of Iraq. Further information on Gulf Keystone is available on its website www.gulfkeystone.com

Disclaimer

This announcement contains certain forward-looking statements that are subject to the risks and uncertainties associated with the oil & gas exploration and production business. These statements are made by the Company and its Directors in good faith based on the information available to them up to the time of their approval of this announcement but such statements should be treated with caution due to inherent risks and uncertainties, including both economic and business factors and/or factors beyond the Company's control or within the Company's control where, for example, the Company decides on a change of plan or strategy. This announcement has been prepared solely to provide additional information to shareholders to assess the Group's strategies and the potential for those strategies to succeed. This announcement should not be relied on by any other party or for any other purpose.