Interim Dividend Exchange Rate

23 February 2023

Gulf Keystone Petroleum Ltd. (LSE: GKP)

(“Gulf Keystone”, “GKP” or “the Company”)

Interim Dividend Exchange Rate

Gulf Keystone announced on 30 January 2023 the declaration of a $25 million interim dividend, equivalent to 11.561 US cents per Common Share of the Company. The dividend will be paid on 3 March 2023 to those shareholders that were on the register of members of the Company as at 17 February 2023.

The Company announces that shareholders receiving dividends in GBP will receive an equivalent payment of 9.577 pence per Common Share, based on the conversion of US dollars into pounds sterling at a rate of $1:£0.8284 prevailing on 22 February 2023.

Enquiries:

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.