Result of AGM

GLOBAL ENERGY DEVELOPMENT PLC

(the "Company")

RESULT OF AGM

Global Energy Development PLC, the South America focused petroleum production and development company (AIM: GED) with operations in Colombia, was notified on 2 July 2012 that Mikel Faulkner, a director of the Company, has purchased a total of 10,000 ordinary shares of 1p each in the Company. Mr. Faulkner acquired the shares in one transaction on 2 July 2012 at 85p per share.

Following this purchase, Mr. Faulkner has a beneficial interest in 260,000 ordinary shares representing 0.72% of the issued share capital Company.

For further information please contact

Global Energy Development PLC

Buchanan (Financial PR)

Lauren Kettle

Westhouse Securities +44 (0) 20 7601 6100 Tom Price

Andrew Matharu