Change of Nominated Adviser and Joint Broker

Gulfsands Petroleum Plc

("Gulfsands" or the "Company")

Change of Nominated Adviser and Joint Broker

6 May 2015

Gulfsands, the AIM listed oil and gas company (AIM:GPX) with activities in Syria, Morocco, Tunisia and Colombia, is pleased to announce that Cantor Fitzgerald Europe ("Cantor Fitzgerald") has been appointed as Nominated Adviser and Joint Broker to the Company with immediate effect.

FirstEnergy Capital remains the Company's Joint Broker alongside Cantor Fitzgerald.

Gulfsands Chairman, Alastair Beardsall, said:

"Cantor's has broad experience across many sectors with particular strength in the oil & gas sector; they will assist Gulfsands in accessing the capital markets whilst providing both strategic and regulatory advice. We look forward to working closely with the team at Cantor Fitzgerald in their capacity as nomad and joint broker."