NAUT.L Regulatory News (NAUT)

18 Mar 2008 14:30

Global Energy Development PLC18 March 2008 For Immediate Release 18 March 2008 Global Energy Development PLC (the "Company") Notifiable Interest A Form TR-1 containing the following information has been received by theCompany. TR-1: Notification of Major Interests in Shares 1. Identity of the issuer or the underlying issuer of existing shares to whichvoting rights are attached: Global Energy Development PLC 2. Reason for the notification: An acquisition or disposal of voting rights 3. Full name of person(s) subject to the notification obligation: FIL Limited (FIL) 4. Full name of shareholder(s) (if different from 3): Shares Held Nominee Management Company 415,684 JP Morgan, Bournemouth Fidelity Investments International87,252 JP Morgan, Bournemouth FIL Limited3,407,187 JP Morgan, Bournemouth Fidelity Investment Services Ltd42,700 JP Morgan, Bournemouth Fidelity Pension Management213,900 Northern Trust London Fidelity Pension Management 5. Date of the transaction (and date on which the threshold is crossed orreached if different): 13 March 2008 6. Date on which issuer notified: 17 March 2008 7. Threshold(s) that is/are crossed or reached: 12% 8. Notified details: A: Voting rights attached to sharesClass/type of Situation previous to Resulting situation after the triggering transactionshares the Triggering transactionIf possible usingISIN CODE Number of Number of Number of Number of voting rights % of voting rights Shares Voting shares Rights Direct Direct Indirect Direct Indirect 1p Ordinary Shares 4,250,623 4,250,623 4,166,723 11.79% GB0031461949 B: Financial InstrumentsResulting situation after the triggering transaction Type of financial Expiration date Exercise/ Number of voting % of voting rightsinstrument Conversion Period/ rights that may be Date acquired if the instrument is exercised/ converted Total (A+B)Number of voting rights % of voting rights 4,166,723 11.79% 9. Chain of controlled undertakings through which the voting rights and/or thefinancial instruments are effectively held, if applicable: FIL Limited (FIL) is the parent holding company for various direct and indirectsubsidiaries, including Fidelity Fund Management Limited (FFML), FidelityInvestment Services Ltd (FISL), Fidelity Gestion (FIGEST), Fidelity InvestmentsAdvisory (Korea) Limited (FIAKL), Fidelity Investments Management (Hong Kong)Limited (FIMHK), Fidelity Pension Management (FPM), Fidelity Investments Japan(FIJ) and Fidelity Investments International (FII), investment managers forvarious non-US investment companies and institutional clients. 10. Name of the Proxy holder: FIL Limited (FIL) 11. Number of voting rights proxy holder will cease to hold: 83,900 12. Date on which proxy holder will cease to hold voting rights: 13 March 2008 13. Additional information: - 14. Contact name: Fabio Correia 15. Contact: fil-regulatoryreporting@uk.fid-intl.com This information is provided by RNS The company news service from the London Stock Exchange