Post Stabilisation Notice - GKP USD

15/May/2014

Gulf Keystone Petroleum Limited

Post-Stabilisation Notice

Deutsche Bank AG, London Branch (contact: New Issue Syndicate on 0207-545-4361) hereby gives notice that no stabilisation was undertaken by the Stabilising Manager(s) named below in relation to the offering of the following securities.

The Securities:

Issuer: Gulf Keystone Petroleum Limited

Guarantor (if any): Gulf Keystone Petroleum International (100% subsidiary of

GKP,which holds GKP's principal assets in all four production

sharing contracts in the Kurdistan Region of Iraq, including

Shaikan)

Aggregate nominal amount: USD 250,000,000 (bond)

Description: 13.00 PCT. Guaranteed Notes due 18/Apr/2017 and

40,000,000 warrants for Common Shares of Gulf Keystone

Petroleum Limited

(RegS bond: XS1056559245 / 144A bond: XS1056559088)

Stabilising Manager(s): Deutsche Bank AG, London Branch (stabilisation coordinator)

Pareto Securities AS

Stabilisation started: 08/Apr/2014

Stabilisation last occurred: None

This announcement is for information purposes only and does not constitute an invitation or offer to underwrite, subscribe for or otherwise acquire or dispose of any securities of the Issuer in any jurisdiction. This announcement is not for distribution, directly or indirectly, in or into the United States, Australia, Canada or Japan or any other jurisdiction in which such distribution would be unlawful.