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GKP: Update on Shaikan Field operations

GKPRegulatory press release20.07.2026, 08.00
20 July 2026

Gulf Keystone Petroleum Ltd. (LSE & OSE: GKP)
("Gulf Keystone", "GKP", "the Group" or "the Company")

Update on Shaikan Field operations

Gulf Keystone, a leading independent operator and producer in the Kurdistan
Region of Iraq ("Kurdistan"), announces that it has temporarily shut-in
production operations as a safety precaution due to the developing regional
security environment. The Company's approach is in line with other
international oil companies operating in the region. The Company's assets have
not been impacted and latest gross production from the Shaikan Field was above
45,000 bopd.

The Company is closely monitoring the situation and will provide further
updates as appropriate.

Enquiries:

+----------------------------------------------+------------------------------+
| Gulf Keystone: | +44 (0) 20 7514 1400 |
+----------------------------------------------+------------------------------+
| Aaron Clark, Head of Investor Relations | aclark@gulfkeystone.com |
| & Corporate Communications | |
| | |
+----------------------------------------------+------------------------------+
| FTI Consulting | +44 (0) 20 3727 1000 |
+----------------------------------------------+------------------------------+
| Ben Brewerton | GKP@fticonsulting.com |
| Nick Hennis | |
+----------------------------------------------+------------------------------+

or visit: www.gulfkeystone.com (http://www.gulfkeystone.com/)

Notes to Editors:

Gulf Keystone Petroleum Ltd. (LSE & OSE: 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
(http://www.gulfkeystone.com/)
ulfkeystone.com\
(http://www.gulfkeystone.com/)\