Notifiable Interest

2 Jul 2007 07:00

Global Energy Development PLC02 July 2007 For Immediate Release 2 July 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: Fidelity International Limited (FIL) 4. Full name of shareholder(s) (if different from 3): Shares Held Nominee Management Company 83,900 State Str Bk and Tr Co London (S Fidelity Pension Management267,900 Northern Trust London Fidelity Pension Management55,700 JP Morgan, Bournemouth Fidelity Pension Management3,485,687 JP Morgan, Bournemouth Fidelity Investment Services Ltd149,452 JP Morgan, Bournemouth Fidelity International Limited415,684 JP Morgan, Bournemouth Fidelity Investments International193,300 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): 26 June 2007 6. Date on which issuer notified: 28 June 2007 7. Threshold(s) that is/are crossed or reached: 13% 8. Notified details: A: Voting rights attached to sharesClass/type of Situation previous to Resulting situation after the triggering transactionshares the Triggering transactionIf 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 4,517,923 4,517,923 4,658,623 13.18% 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 4,658,623 13.18% 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 acquire to hold: 140,700 12. Date on which proxy holder will acquire to hold voting rights: 26 June 2007 13. Additional information: None 14. Contact name: Catherine Miles, Company Secretary of Global Energy Development PLC 15. Contact telephone number: +44 (0)207 763 7177 Annex to Notification of Major Interests in Shares A: Identity of the person or legal entity subject to the notification obligation Full name (including legal form for legal entities): Fidelity InternationalLimited (FIL) Contact address (registered office for legal entities): Pembroke Hall, 42 CrowLane, Pembroke, HM19 Bermuda Phone number: 01737 836713 Other useful information (at least legal representative for legal persons):Company Secretary B: Identity of the notifier, if applicable Full name: Fidelity Investments International Contact address: Windmill Court XTW2B, Millfield Lane, Lower Kingswood,Tadworth, Surrey, KT20 6RB Phone number: 01737 836713 Other useful information (e.g. functional relationship with the person or legalentity subject to the notification obligation): Authorised to make this filingunder power of attorney This information is provided by RNS The company news service from the London Stock Exchange