Rule 8.3 - Gulfsands Petroleum

24 Mar 2010 13:40

FORM 8.3 DEALINGS BY PERSONS WITH INTERESTS IN SECURITIES REPRESENTING 1% OR MORE (Rule 8.3 of the Takeover Code)

1. KEY INFORMATION

Name of person dealing (Note 1) Investec Asset Management - On behalf of

Discretionary Clients Company dealt in Gulfsands Petroleum Class of relevant security to Common Stock GBP 0.5714286

which the dealings being disclosed relate (Note 2) Date of dealing 23.3.10

2. INTERESTS, SHORT POSITIONS AND RIGHTS TO SUBSCRIBE

(a) Interests and short positions (following dealing) in the class of relevantsecurity dealt in (Note 3) Long Short Number (%) Number (%) (1) Relevant securities 1,513,194 1.250% Nil Nil (2) Derivatives (other than Nil Nil Nil Nil options) (3) Options and agreements to Nil Nil Nil Nil purchase/sell Total 1,513,194 1.250% Nil Nil

(b) Interests and short positions in relevant securities of the company, other than the class dealt in (Note 3)

Class of relevant security: Long Short Number (%) Number (%) (1) Relevant securities Nil Nil Nil Nil (2) Derivatives (other than Nil Nil Nil Nil options)

(3) Options and agreements to Nil Nil Nil Nil purchase/sell Total Nil Nil Nil Nil

(c) Rights to subscribe (Note 3)

Class of relevant security: Details Nil Nil 3. DEALINGS (Note 4)(a) Purchases and salesPurchase/sale Number of securities Price per unit (Note 5) Sale 18,408 3.2725 GBP

(b) Derivatives transactions (other than options)

Product name, Long/short (Note Number of securities Price per unit (Note 6) (Note 7) 5) e.g. CFD

(c) Options transactions in respect of existing securities

(i) Writing, selling, purchasing or varying

Product name, Writing, Number of Exercise Type, e.g. Expiry Option

selling, securities to American, money e.g. call purchasing, which the price European date option varying option etc. paid/ etc. relates (Note received 7) per unit (Note 5) (ii) ExercisingProduct name, e.g. call Number of securities Exercise price per unit option (Note 5)

(d) Other dealings (including new securities) (Note 4)

Nature of transaction Details Price per unit (if (Note 8) applicable) (Note 5) 4. OTHER INFORMATION

Agreements, arrangements or understandings relating to options or derivatives

Full details of any agreement, arrangement or understanding between the person disclosing and any other person relating to the voting rights of any relevant securities under any option referred to on this form or relating to the voting rights or future acquisition or disposal of any relevant securities to which any derivative referred to on this form is referenced. If none, this should be stated.

Is a Supplemental Form 8 attached? (Note 9) NO

Date of disclosure 24.03.10 Contact name Ian Gartshore Telephone number 0207 597 1825

If a connected EFM, name of offeree/offeror with which connected If a connected EFM, state nature of connection (Note 10)

Notes

The Notes on Form 8.3 can be viewed on the Takeover Panel's website at www.thetakeoverpanel.org.uk