TIDMGKP

RNS Number : 2289H

Gulf Keystone Petroleum Ltd.

05 April 2022

5 April 2022

Gulf Keystone Petroleum Limited (LSE: GKP)

("Gulf Keystone" or "the Company")

Long Term Incentive Plan ("LTIP") Award

Issue under the Deferred Bonus Plan ("DBP")

Director/PDMR Shareholdings

LTIP

Gulf Keystone Petroleum Limited announces that pursuant to the 2014 Gulf Keystone Long Term Incentive Plan, on 1 April 2022 (the "Award Date") awards over common shares ("2022 Awards") were granted to employees and the persons discharging managerial responsibilities ("PDMRs") listed below.

The LTIP was approved by Gulf Keystone Petroleum Limited's shareholders at the Company's Annual General Meeting held on 17 July 2014; this is the fifth award to be made under the LTIP and is in accordance with the agreed annual issue cycle which follows release of the Company's full year results. The awards are made to eligible employees of the wider workforce, including to employees in Kurdistan.

The quantum of 2022 Awards was determined based on a price of 259p being the closing mid-market price of the Company on 30 March 2022. The vesting date for the 2022 Awards is 1 April 2025, being the third anniversary from the Award Date. The 2022 Awards are in the form of nil cost options and vesting of them will be in accordance with performance conditions. No consideration is payable for the grant of an Award.

Performance Conditions

Vesting of the 2022 Awards is subject to performance conditions which include the requirement for both absolute and relative total shareholder return ("TSR") targets being met. TSR will be measured over the period of three years from the Award Date . In accordance with recent governance guidelines, the Remuneration Committee has the discretion to review vesting outcomes to ensure a fair reflection of performance.

Awards

The following PDMRs have been granted 2022 Awards under the LTIP:

 
 Name                       Position                    Number of awards 
 Jon Harris                 Chief Executive Officer         339,768 
                           --------------------------  ----------------- 
 Ian Weatherdon             Chief Financial Officer         210,811 
                           --------------------------  ----------------- 
 John Hulme                 Chief Operating Officer         121,622 
                           --------------------------  ----------------- 
 Gabriel Papineau-Legris    Chief Commercial Officer         99,081 
                           --------------------------  ----------------- 
 Alasdair Robinson          Chief Legal Officer              63,131 
                           --------------------------  ----------------- 
 Clare Kinahan              Chief HR Officer                 63,012 
                           --------------------------  ----------------- 
 

In addition to the above, 2022 Awards over a total of 1,380,855 shares in aggregate have also been granted under the LTIP to eligible employees who are not PDMRs.

DBP

At the Company's AGM in June 2019, shareholders approved the DBP. This provides for 30% of the annual bonus attributable to executive directors to be paid in the form of nil cost options. These will vest after three years. There are no performance conditions other than the executive director must continue to be employed for this period (subject to certain limited exceptions).

The following awards were made on 1 April 2022 and the vesting date is 25 February 2025, being the third anniversary from the annual bonus payroll date.

 
 Name              Position                   Number of awards 
 Jon Harris        Chief Executive Officer         60,962 
                  -------------------------  ----------------- 
 Ian Weatherdon    Chief Financial Officer         44,006 
                  -------------------------  ----------------- 
 

Director/PDMR Shareholdings

On 1 April 2022, the Company was informed of the following transactions by persons discharging managerial responsibilities ("PDMR").

Mr Gabriel Papineau-Legris, Chief Commercial Officer, sold 74,175 common shares in Gulf Keystone Petroleum Limited on 31 March 2022 and 1 April 2022 at an average price of 241.46p per share. Following the sales, Mr Papineau-Legris owns 100,000 common shares in the Company representing 0.047% of the issued share capital.

This announcement contains inside information for the purposes of the UK Market Abuse Regime.

Enquiries:

 
 Gulf Keystone:                             +44 (0) 20 7514 1400 
 Aaron Clark, Head of Investor Relations    aclark@gulfkeystone.com 
 
 Celicourt Communications:                  + 44(0) 20 8434 2754 
 Mark Antelme                               GKP@Celicourt.uk 
  Jimmy Lea 
 

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.

 
 1    Details of the person discharging managerial responsibilities/person closely associated 
 a)   Name                                                      Jon Harris 
     --------------------------------------------------------  ------------------------------------------------------- 
 2    Reason for the notification 
     ----------------------------------------------------------------------------------------------------------------- 
 a)   Position/status                                           Chief Executive Officer 
     --------------------------------------------------------  ------------------------------------------------------- 
 b)   Initial notification/Amendment                            Initial notification 
     --------------------------------------------------------  ------------------------------------------------------- 
 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 the financial instrument, type of          Common shares of $1.00 each in Gulf Keystone Petroleum 
      instrument                                                Limited 
 
      Identification code                                       ISIN: BMG4209G2077 
     --------------------------------------------------------  ------------------------------------------------------- 
 b)   Nature of the transaction                                 Grant of nil cost award under the 2014 Long Term 
                                                                Incentive Plan 
     --------------------------------------------------------  ------------------------------------------------------- 
 c)   Price(s) and volume(s)                                    Price(s)   Volume(s) 
                                                                 Nil        339,768 
     --------------------------------------------------------  ------------------------------------------------------- 
 d)   Aggregated information-  Aggregated volume 
       -  Price                                                   Single transaction as in 4c) above. 
 
                                                                  Nil consideration 
     --------------------------------------------------------  ------------------------------------------------------- 
 e)   Date of the transaction                                   1 April 2022 
     --------------------------------------------------------  ------------------------------------------------------- 
 f)   Place of the transaction                                  Outside a trading venue 
     --------------------------------------------------------  ------------------------------------------------------- 
 
 
 1    Details of the person discharging managerial responsibilities/person closely associated 
 a)   Name                                                      Ian Weatherdon 
     --------------------------------------------------------  ------------------------------------------------------- 
 2    Reason for the notification 
     ----------------------------------------------------------------------------------------------------------------- 
 a)   Position/status                                           Chief Financial Officer 
     --------------------------------------------------------  ------------------------------------------------------- 
 b)   Initial notification/Amendment                            Initial notification 
     --------------------------------------------------------  ------------------------------------------------------- 
 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 the financial instrument, type of          Common shares of $1.00 each in Gulf Keystone Petroleum 
      instrument                                                Limited 
 
      Identification code                                       ISIN: BMG4209G2077 
     --------------------------------------------------------  ------------------------------------------------------- 
 b)   Nature of the transaction                                 Grant of nil cost award under the 2014 Long Term 
                                                                Incentive Plan 
     --------------------------------------------------------  ------------------------------------------------------- 
 c)   Price(s) and volume(s)                                    Price(s)   Volume(s) 
                                                                 Nil        210,811 
     --------------------------------------------------------  ------------------------------------------------------- 
 d)   Aggregated information-  Aggregated volume 
       -  Price                                                   Single transaction as in 4c) above. 
 
                                                                  Nil consideration 
     --------------------------------------------------------  ------------------------------------------------------- 
 e)   Date of the transaction                                   1 April 2022 
     --------------------------------------------------------  ------------------------------------------------------- 
 f)   Place of the transaction                                  Outside a trading venue 
     --------------------------------------------------------  ------------------------------------------------------- 
 
 
 1    Details of the person discharging managerial responsibilities/person closely associated 
 a)   Name                                                      John Hulme 
     --------------------------------------------------------  ------------------------------------------------------- 
 2    Reason for the notification 
     ----------------------------------------------------------------------------------------------------------------- 
 a)   Position/status                                           Chief Operating Officer 
     --------------------------------------------------------  ------------------------------------------------------- 
 b)   Initial notification/Amendment                            Initial notification 
     --------------------------------------------------------  ------------------------------------------------------- 
 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 the financial instrument, type of          Common shares of $1.00 each in Gulf Keystone Petroleum 
      instrument                                                Limited 
 
      Identification code                                       ISIN: BMG4209G2077 
     --------------------------------------------------------  ------------------------------------------------------- 
 b)   Nature of the transaction                                 Grant of nil cost award under the 2014 Long Term 
                                                                Incentive Plan 
     --------------------------------------------------------  ------------------------------------------------------- 
 c)   Price(s) and volume(s)                                    Price(s)   Volume(s) 
                                                                 Nil        121,622 
     --------------------------------------------------------  ------------------------------------------------------- 
 d)   Aggregated information-  Aggregated volume 
       -  Price                                                   Single transaction as in 4c) above. 
 
                                                                  Nil consideration 
     --------------------------------------------------------  ------------------------------------------------------- 
 e)   Date of the transaction                                   1 April 2022 
     --------------------------------------------------------  ------------------------------------------------------- 
 f)   Place of the transaction                                  Outside a trading venue 
     --------------------------------------------------------  ------------------------------------------------------- 
 
 
 1    Details of the person discharging managerial responsibilities/person closely associated 
 a)   Name                                                      Gabriel Papineau-Legris 
     --------------------------------------------------------  ------------------------------------------------------- 
 2    Reason for the notification 
     ----------------------------------------------------------------------------------------------------------------- 
 a)   Position/status                                           Chief Commercial Officer 
     --------------------------------------------------------  ------------------------------------------------------- 
 b)   Initial notification/Amendment                            Initial notification 
     --------------------------------------------------------  ------------------------------------------------------- 
 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 the financial instrument, type of          Common shares of $1.00 each in Gulf Keystone Petroleum 
      instrument                                                Limited 
      Identification code 
                                                                ISIN: BMG4209G2077 
     --------------------------------------------------------  ------------------------------------------------------- 
 b)   Nature of the transaction                                 Grant of nil cost award under the 2014 Long Term 
                                                                Incentive Plan 
     --------------------------------------------------------  ------------------------------------------------------- 
 c)   Price(s) and volume(s)                                    Price(s)   Volume(s) 
                                                                 nil        99,081 
     --------------------------------------------------------  ------------------------------------------------------- 
 d)   Aggregated information-  Aggregated volume 
       -  Price                                                   Single transaction as in 4c) above. 
 
                                                                  Nil consideration 
     --------------------------------------------------------  ------------------------------------------------------- 
 e)   Date of the transaction                                   1 April 2022 
     --------------------------------------------------------  ------------------------------------------------------- 
 f)   Place of the transaction                                  Outside a trading venue 
     --------------------------------------------------------  ------------------------------------------------------- 
 
 
  1   Details of the person discharging managerial responsibilities/person closely associated 
 a)   Name                                                      Alasdair Robinson 
     --------------------------------------------------------  ------------------------------------------------------- 
 2    Reason for the notification 
     ----------------------------------------------------------------------------------------------------------------- 
 a)   Position/status                                           Chief Legal Officer 
     --------------------------------------------------------  ------------------------------------------------------- 
 b)   Initial notification/Amendment                            Initial notification 
     --------------------------------------------------------  ------------------------------------------------------- 
 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 the financial instrument, type of          Common shares of $1.00 each in Gulf Keystone Petroleum 
      instrument                                                Limited 
 
      Identification code                                       ISIN: BMG4209G2077 
     --------------------------------------------------------  ------------------------------------------------------- 
 b)   Nature of the transaction                                 Grant of nil cost award under the 2014 Long Term 
                                                                Incentive Plan 
     --------------------------------------------------------  ------------------------------------------------------- 
 c)   Price(s) and volume(s)                                    Price(s)   Volume(s) 
                                                                 Nil        63,131 
     --------------------------------------------------------  ------------------------------------------------------- 
 d)   Aggregated information-  Aggregated volume 
       -  Price                                                   Single transaction as in 4c) above. 
 
                                                                  Nil consideration 
     --------------------------------------------------------  ------------------------------------------------------- 
 e)   Date of the transaction                                   1 April 2022 
     --------------------------------------------------------  ------------------------------------------------------- 
 f)   Place of the transaction                                  Outside a trading venue 
     --------------------------------------------------------  ------------------------------------------------------- 
 
 
 1    Details of the person discharging managerial responsibilities/person closely associated 
 a)   Name                                                      Clare Kinahan 
     --------------------------------------------------------  ------------------------------------------------------- 
 2    Reason for the notification 
     ----------------------------------------------------------------------------------------------------------------- 
 a)   Position/status                                           Chief HR Officer 
     --------------------------------------------------------  ------------------------------------------------------- 
 b)   Initial notification/Amendment                            Initial notification 
     --------------------------------------------------------  ------------------------------------------------------- 
 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 the financial instrument, type of          Common shares of $1.00 each in Gulf Keystone Petroleum 
      instrument                                                Limited 
 
      Identification code                                       ISIN: BMG4209G2077 
     --------------------------------------------------------  ------------------------------------------------------- 
 b)   Nature of the transaction                                 Grant of nil cost award under the 2014 Long Term 
                                                                Incentive Plan 
     --------------------------------------------------------  ------------------------------------------------------- 
 c)   Price(s) and volume(s)                                    Price(s)   Volume(s) 
                                                                 Nil        63,012 
     --------------------------------------------------------  ------------------------------------------------------- 
 d)   Aggregated information-  Aggregated volume 
       -  Price                                                   Single transaction as in 4c) above. 
 
                                                                  Nil consideration 
     --------------------------------------------------------  ------------------------------------------------------- 
 e)   Date of the transaction                                   1 April 2022 
     --------------------------------------------------------  ------------------------------------------------------- 
 f)   Place of the transaction                                  Outside a trading venue 
     --------------------------------------------------------  ------------------------------------------------------- 
 
 
 1    Details of the person discharging managerial responsibilities/person closely associated 
 a)   Name                                                      Jon Harris 
     --------------------------------------------------------  ------------------------------------------------------- 
 2    Reason for the notification 
     ----------------------------------------------------------------------------------------------------------------- 
 a)   Position/status                                           Chief Executive Officer 
     --------------------------------------------------------  ------------------------------------------------------- 
 b)   Initial notification/Amendment                            Initial notification 
     --------------------------------------------------------  ------------------------------------------------------- 
 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 the financial instrument, type of          Common shares of $1.00 each in Gulf Keystone Petroleum 
      instrument                                                Limited 
 
      Identification code                                       ISIN: BMG4209G2077 
     --------------------------------------------------------  ------------------------------------------------------- 
 b)   Nature of the transaction                                 Grant of nil cost award under the Deferred Bonus Plan 
     --------------------------------------------------------  ------------------------------------------------------- 
 c)   Price(s) and volume(s)                                    Price(s)   Volume(s) 
                                                                 Nil        60,962 
     --------------------------------------------------------  ------------------------------------------------------- 
 d)   Aggregated information-  Aggregated volume 
       -  Price                                                   Single transaction as in 4c) above. 
 
                                                                  Nil consideration 
     --------------------------------------------------------  ------------------------------------------------------- 
 e)   Date of the transaction                                   1 April 2022 
     --------------------------------------------------------  ------------------------------------------------------- 
 f)   Place of the transaction                                  Outside a trading venue 
     --------------------------------------------------------  ------------------------------------------------------- 
 
 
 1    Details of the person discharging managerial responsibilities/person closely associated 
 a)   Name                                                      Ian Weatherdon 
     --------------------------------------------------------  ------------------------------------------------------- 
 2    Reason for the notification 
     ----------------------------------------------------------------------------------------------------------------- 
 a)   Position/status                                           Chief Financial Officer 
     --------------------------------------------------------  ------------------------------------------------------- 
 b)   Initial notification/Amendment                            Initial notification 
     --------------------------------------------------------  ------------------------------------------------------- 
 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 the financial instrument, type of          Common shares of $1.00 each in Gulf Keystone Petroleum 
      instrument                                                Limited 
 
      Identification code                                       ISIN: BMG4209G2077 
     --------------------------------------------------------  ------------------------------------------------------- 
 b)   Nature of the transaction                                 Grant of nil cost award under the Deferred Bonus Plan 
     --------------------------------------------------------  ------------------------------------------------------- 
 c)   Price(s) and volume(s)                                    Price(s)   Volume(s) 
                                                                 Nil        44,006 
     --------------------------------------------------------  ------------------------------------------------------- 
 d)   Aggregated information-  Aggregated volume 
       -  Price                                                   Single transaction as in 4c) above. 
 
                                                                  Nil consideration 
     --------------------------------------------------------  ------------------------------------------------------- 
 e)   Date of the transaction                                   1 April 2022 
     --------------------------------------------------------  ------------------------------------------------------- 
 f)   Place of the transaction                                  Outside a trading venue 
     --------------------------------------------------------  ------------------------------------------------------- 
 
 
 1     Details of the person discharging managerial responsibilities/person closely associated 
 a)    Name                                                      Gabriel Papineau-Legris 
      --------------------------------------------------------  ------------------------------------------------------ 
 2     Reason for the notification 
      ---------------------------------------------------------------------------------------------------------------- 
 a)    Position/status                                           Chief Commercial Officer 
      --------------------------------------------------------  ------------------------------------------------------ 
 b)    Initial notification/Amendment                            Initial notification 
      --------------------------------------------------------  ------------------------------------------------------ 
 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 the financial instrument, type of          Common shares of $1.00 each in Gulf Keystone 
       instrument                                                Petroleum Limited 
       Identification code 
                                                                 ISIN: BMG4209G2077 
      --------------------------------------------------------  ------------------------------------------------------ 
 b)    Nature of the transaction                                 Sale 
      --------------------------------------------------------  ------------------------------------------------------ 
 c)    Price(s) and volume(s)                                    Price(s)  Volume(s) 
                                                                  243.35    10,000 
      --------------------------------------------------------  ------------------------------------------------------ 
 d)    Aggregated information-  Aggregated volume 
   -  Price                                                       10,000 
                                                                    243.35 
 -------------------------------------------------------------  ------------------------------------------------------ 
 e)    Date of the transaction                                   31 March 2022 
      --------------------------------------------------------  ------------------------------------------------------ 
 f)    Place of the transaction                                  London Stock Exchange 
      --------------------------------------------------------  ------------------------------------------------------ 
 
 
 1     Details of the person discharging managerial responsibilities/person closely associated 
 a)    Name                                                      Gabriel Papineau-Legris 
      --------------------------------------------------------  ------------------------------------------------------ 
 2     Reason for the notification 
      ---------------------------------------------------------------------------------------------------------------- 
 a)    Position/status                                           Chief Commercial Officer 
      --------------------------------------------------------  ------------------------------------------------------ 
 b)    Initial notification/Amendment                            Initial notification 
      --------------------------------------------------------  ------------------------------------------------------ 
 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 the financial instrument, type of          Common shares of $1.00 each in Gulf Keystone 
       instrument                                                Petroleum Limited 
       Identification code 
                                                                 ISIN: BMG4209G2077 
      --------------------------------------------------------  ------------------------------------------------------ 
 b)    Nature of the transaction                                 Sale 
      --------------------------------------------------------  ------------------------------------------------------ 
 c)    Price(s) and volume(s)                                    Price(s)  Volume(s) 
                                                                  240.00 20,000 
                                                                  238.50 20,000 
                                                                  244.32 24,175 
      --------------------------------------------------------  ------------------------------------------------------ 
 d)    Aggregated information-  Aggregated volume 
   -  Price                                                       64,175 
                                                                    241.16 
 -------------------------------------------------------------  ------------------------------------------------------ 
 e)    Date of the transaction                                   1 April 2022 
      --------------------------------------------------------  ------------------------------------------------------ 
 f)    Place of the transaction                                  London Stock Exchange 
      --------------------------------------------------------  ------------------------------------------------------ 
 

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END

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