Gulf Keystone Petroleum : Settlement of US$250 million debt financing

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17 April 2014

Gulf Keystone Petroleum Ltd. (LSE: GKP)

("Gulf Keystone" or "the Company")

Settlement of US$250 million debt financing

Gulf Keystone is pleased to announce today the settlement and closing of its successful debt offering of US$250 million in three-year senior unsecured notes due April 2017, which have been privately placed in accordance with Reg S/144A with institutional investors in Europe, the US and Asia.

The offering contained freely tradeable and detachable warrants relating to 40 million common shares in the Company.

The Company intends to apply to list the notes and the warrants on the Official List of the Luxembourg Stock Exchange for trading on the Euro MTF market of the Luxembourg Stock Exchange.

Enquiries:

or visit:www.gulfkeystone.com

Disclaimer

This announcement contains certain forward-looking statements. These statements are made by the Company's 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 uncertainties, including both economic and business factors, underlying such forward-looking information.  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.

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