Exercise of Options

29 Sep 2005 15:35

Global Energy Development PLC29 September 2005 Immediate Release 29 September 2005 GLOBAL ENERGY DEVELOPMENT PLC Exercise of Options Global Energy Development PLC (the "Company") announces that following receiptof notices to exercise options at an exercise price of 50p, the Company hasallotted and issued credited as fully paid 75,000 new ordinary shares in theCompany (the "New Shares"). Application has been made for the New Shares to beadmitted to trading on AIM and admission is expected to occur on 5 October 2005.The new ordinary shares will rank pari passu with the existing shares of theCompany. Following admission, the issued share capital of the Company will be 35,205,430ordinary shares. For further information: Global Energy Development PLCCatherine Miles, director of InvestorRelations +44 (0) 20 7763 7177www.globalenergyplc.com +44 (0) 7909918034 This information is provided by RNS The company news service from the London Stock Exchange