SAR 3 - Global Energy Dev.

15 Sep 2005 17:00

Global Energy Development PLC15 September 2005 FORM SAR3 DISCLOSURE OF ACQUISITIONS (Rule 3 of The Rules Governing Substantial Acquisitions of Shares) +-------------------------------------+--------------------------------------------------+|Name of acquirer | LYFORD INVESTMENTS ENTERPRISES LTD.|+-------------------------------------+--------------------------------------------------+|Beneficial owner, if different from | ||above | || | || | || | || | |+-------------------------------------+--------------------------------------------------+|Names of any other persons acting by | ||agreement or understanding (see SAR | ||5) | |+-------------------------------------+--------------------------------------------------+|Company dealt in | GLOBAL ENERGY DEVELOPMENT PLC|| | |+-------------------------------------+--------------------------------------------------+|Class of voting shares (eg ordinary | ORDINARY SHARES||shares) | || | |+-------------------------------------+--------------------------------------------------+|Date of acquisition | 15 SEPTEMBER 2005|| | |+-------------------------------------+--------------------------------------------------+ +-------------------------------------+--------------------------------------------------+|Number of shares acquired | SEVEN MILLION (7,000,000 )|| | |+-------------------------------------+--------------------------------------------------+|Number of rights over shares acquired| ||# | |+-------------------------------------+--------------------------------------------------+|Nature of rights over shares | |+-------------------------------------+--------------------------------------------------+ +-------------------------------------+--------------------------------------------------+|Total holding of voting shares (and | SEVEN MILLION (7,000,000)||percentage of total voting shares in | ||issue) | 19.9% OF TOTAL VOTING SHARES IN ISSUE|| | |+-------------------------------------+--------------------------------------------------+|Total holding of rights over shares | ||(and percentage of total voting | ||shares in issue) | || | |+-------------------------------------+--------------------------------------------------+|Combined total holding (and | SEVEN MILLION (7,000,000)||percentage) of voting shares and | ||rights over shares | 19.9% OF TOTAL VOTING SHARES IN ISSUE|| | |+-------------------------------------+--------------------------------------------------+ +-------------------------------------+--------------------------------------------------+|Date of disclosure | 15 SEPTEMBER 2005|| | |+-------------------------------------+--------------------------------------------------+|Contact name | JULIE BIDO|| | |+-------------------------------------+--------------------------------------------------+|Telephone number | 001 212-231-3906|| | |+-------------------------------------+--------------------------------------------------+ # See the definition of "rights over shares" in the Definitions Section of theSARs. For details of the SARs disclosure requirements, see SARs 3 and 5 and theirNotes which can be viewed on the Takeover Panel's website atwww.thetakeoverpanel.org.uk. This information is provided by RNS The company news service from the London Stock Exchange