Notifiable Interest

12 Sep 2007 16:45

Global Energy Development PLC12 September 2007 For Immediate Release 12 September 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: An acquisition or disposal of voting rights 3. Full name of person(s) subject to the notification obligation: NCC Limited 4. Full name of shareholder(s) (if different from 3): n/a 5. Date of the transaction (and date on which the threshold is crossed orreached if different): 7 September 2007 6. Date on which issuer notified: 12 September 2007 7. Threshold(s) that is/are crossed or reached: 9% 8. Notified details: A: Voting rights attached to sharesClass/type of Situation previous to the Resulting situation after the triggering transactionshares triggering transaction If possible usingISIN CODE Number of Number of Number of Number of voting % of voting rights shares voting shares rights rights Direct Indirect Direct Indirect 1p Ordinary Shares 2,072,300 2,072,300 3,222,300 3,222,300 n/a 9.1% n/a GB0031461949 B: Financial Instruments Resulting 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 3,222,300 9.1% 9. Chain of controlled undertakings through which the voting rights and/or thefinancial instruments are effectively held, if applicable: n/a 10. Name of the Proxy holder: n/a 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: n/a 14. Contact name: NCC Limited 15. Contact telephone number: +1 284 494 5514 This information is provided by RNS The company news service from the London Stock Exchange