Notifiable Interest

22 Aug 2007 15:00

Global Energy Development PLC22 August 2007 For Immediate Release 22 August 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: BlackRock, Inc. 4. Full name of shareholder(s) (if different from 3): - 5. Date of the transaction (and date on which the threshold is crossed orreached if different): 20 August 2007 6. Date on which issuer notified: 21 August 2007 7. Threshold(s) that is/are crossed or reached: Gone below 5% 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 1,969,231 1,969,231 N/A N/A 1,751,029 N/A 4.95% 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 1,751,029 4.95% 9. Chain of controlled undertakings through which the voting rights and/or thefinancial instruments are effectively held, if applicable: BlackRock Investment Management (UK) Limited - 1,751,029 (4.95%) 10. Name of the Proxy holder: - 11. Number of voting rights proxy holder will cease to hold: - 12. Date on which proxy holder will cease to hold voting rights: - 13. Additional information: - 14. Contact name: - 15. Contact telephone number: - 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): BlackRock, Inc. Contact address (registered office for legal entities): 33 King William Street,London, EC4R 9AS Phone number: 020 7743 2098 Other useful information (at least legal representative for legal persons):Thomas Hone This information is provided by RNS The company news service from the London Stock Exchange