Exercise of Options

22 Nov 2005 09:00

Global Energy Development PLC22 November 2005 Immediate Release 22 November 2005 GLOBAL ENERGY DEVELOPMENT PLC DIRECTOR SHAREHOLDING Global Energy Development PLC (the "Company") announces that David P. Quint, oneof the Company's Directors, has today exercised options over 30,000 ordinaryshares in the Company (the "New Shares") at an exercise price of 54.5p. Application has been made for the New Shares to be admitted to trading on AIMand admission is expected to occur on 28 November 2005. The new ordinary shareswill rank pari passu with the existing shares of the Company. Following admission, the issued share capital of the Company will be 35,235,430ordinary 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