Holding(s) in Company

21 Mar 2007 07:01

Global Energy Development PLC21 March 2007 For Immediate Release 21 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 Disclosure triggered by the implementation of the Transparency Directive withnew 5% disclosure threshold 3. Full name of person(s) subject to the notification obligation: Pictet Asset Management Ltd 4. Full name of shareholder(s) (if different from 3): As above 5. Date of the transaction (and date on which the threshold is crossed orreached if different): n/a 6. Date on which issuer notified: 20 March 2007 7. Threshold(s) that is/are crossed or reached: 5% 8. Notified details: A: Voting rights attached to sharesClass/type of shares Situation previous to Resulting situation after the triggering transaction Triggeringif possible using transaction Notification required under DTR transitional provision 7ISIN 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 n/a n/a 0 0 1,905, 866 0 5.39% 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 n/a n/a n/a n/a n/a Total (A+B)Number of voting rights % of voting rights 1,905,866 5.39% 9. Chain of controlled undertakings through which the voting rights and/or thefinancial instruments are effectively held, if applicable: Not applicable. No controlled undertaking individually holds 3% or more of thevoting rights. 10. Name of the Proxy holder: Pictet Asset Management Ltd 11. Number of voting rights proxy holder will cease to hold: 1,905,866 12. Date on which proxy holder will cease to hold voting rights: Omission 13. Additional information: Omission 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