Holding(s) in Company

16 Mar 2007 10:29

Global Energy Development PLC16 March 2007 For Immediate Release 16 March 2007 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 Revised due to DTR rules - see section 13 3. Full name of person(s) subject to the notification obligation: Fidelity International Limited (FIL) 4. Full name of shareholder(s) (if different from 3):Shares Held Nominee Management Company 62,300 State Str Bk and Tr Co London (S Fidelity Pension Management233,600 Northern Trust London Fidelity Pension Management117,300 JP Morgan, Bournemouth Fidelity Pension Management3,480,157 JP Morgan, Bournemouth Fidelity Investment Services Ltd163,852 JP Morgan, Bournemouth Fidelity International Limited399,484 JP Morgan, Bournemouth Fidelity Investments International148,100 HSBC Bank PLC Fidelity Pension Management7,000 Bank of New York Brussels Fidelity Pension Management 5. Date of the transaction (and date on which the threshold is crossed orreached if different): Revised due to DTR rules - see section 13 6. Date on which issuer notified: 12 March 2007 7. Threshold(s) that is/are crossed or reached: n/a 8. Notified details: A: Voting rights attached to sharesClass/type of Situation previous to Resulting situation after the triggering transactionshares Triggering transaction Notification required under DTR transitional provision 7if 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 4,611,793 4,611,793 4,611,793 13.05% 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 4,611,793 13.05% 9. Chain of controlled undertakings through which the voting rights and/or thefinancial instruments are effectively held, if applicable: Fidelity International Limited (FIL) is the parent holding company for variousdirect and indirect subsidiaries, including Fidelity Fund Management Limited(FFML), Fidelity Investment Services Ltd (FISL), Fidelity Gestion (FIGEST),Fidelity Investments Advisory (Korea) Limited (FIAKL), Fidelity InvestmentsManagement (Hong Kong) Limited (FIMHK), Fidelity Pension Management (FPM),Fidelity Investments Japan (FIJ) and Fidelity Investments International (FII),investment managers for various non-US investment companies and institutionalclients. 10. Name of the Proxy holder: Fidelity International Limited (FIL) 11. Number of voting rights proxy holder will cease to hold: n/a 12. Date on which proxy holder will cease to hold voting rights: n/a 13. Additional information: According to the new DTR rules, now reporting the indirect holdings of FMR Corpand FIL separately. For this issuer FMR Corp currently has no holdings. Theseholdings are correct as of close of business 8 March 2007. 14. Contact name: Catherine Miles, Company Secretary of Global Energy Development PLC 15. Contact telephone number: +44 (0)207 763 7177 This information is provided by RNS The company news service from the London Stock Exchange