Exercise of Warrants

29 Apr 2005 10:55

Global Energy Development PLC29 April 2005 Immediate Release 29 April 2005 GLOBAL ENERGY DEVELOPMENT PLC Exercise of Warrants Global Energy Development PLC ("Global" or the "Company"), the Latin Americafocused petroleum exploration and production company (LSE-AIM: "GED"), announcesthat following receipt of notices to exercise warrants at an exercise price of60p from four of the Company's shareholders, including Mikel D. Faulkner andDavid P. Quint, both Company Directors, with the latest notice received on 21April 2005, the Company has allotted and issued credited as fully paid 23,766new ordinary shares in the Company (the "New Shares"). Application has been madefor the New Shares to be admitted to trading on AIM and admission is expected tooccur on 6 May 2005. Following admission, the issued share capital of the Company will be 28,150,933Ordinary Shares. For further information: Global Energy Development PLCCatherine Miles, director of Investor Relations +44 (0) 20 7808 5550www.globalenergyplc.com +44 (0) 7909918034 This information is provided by RNS The company news service from the London Stock Exchange