RNS Number : 6621Z

Gulf Keystone Petroleum Ltd.

13 January 2020

13th January 2020

Gulf Keystone PetroleumLimited

Exercise of options and sale of shares

Gulf Keystone Petroleum Limited ("GKP" or the "Company") announces that on 10th January 2020 Nadzeya Kernoha, Head of Finance, exercised 90,000 nil-cost share options, granted to her in 2016 under the Company's Staff Retention Plan ("SRP"). Following the exercise, on 13th January 2020 Ms Kernoha sold the 90,000 shares at a price of 202.61p.

Enquiries:

Celicourt Communications:

+ 44(0) 20 8434 2754

Mark Antelme

Jimmy Lea

or visit:www.gulfkeystone.com

This notification is made in accordance with the Market Abuse Regulation.

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.

1

Details of the person discharging managerial responsibilities / person closely

associated

a)

Name

Nadzeya Kernoha

2

Reason for the

notification

a)

Position/status

Head of Finance

b)

Initial

Initial notification

notification

/Amendment

3

Details of the issuer, emission allowance market participant, auction platform,

auctioneer or auction monitor

a)

Name

Gulf Keystone Petroleum Limited

b)

LEI

213800QTAQOSSTNTPO15

4

Details of the

transaction(s): section to be repeated for (i) each type of instrument; (ii)

each type of transaction; (iii) each date; and (iv) each place where transactions have

been conducted

a)

Description of

Options over common shares and sale of shares

the financial

instrument,

type of

instrument

Identification

ISIN: BMG4209G2077

code

b)

Nature of the

Exercise of Nil-cost options and sale of shares

transaction

c)

Price(s) and

Price

No. of shares

volume(s)

0p

90,000

Price

No. of shares

202.61p 90,000

d)

Aggregated

information

N/A for Exercise of option

- volume

90,000

- Price

202.61p

- Total

£182,349

e)

Date of the

10th January 2020 and 13th January 2020

transaction

f)

Place of the

London Stock Exchange

transaction

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.comor visit www.rns.com.

END

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Gulf Keystone Petroleum Ltd. published this content on 13 January 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 13 January 2020 18:42:02 UTC