RNS Number:5270D
Global Energy Development PLC
24 May 2006


Immediate Release                                                   24 May 2006



                         GLOBAL ENERGY DEVELOPMENT PLC


                               HOLDING IN COMPANY



Global Energy Development PLC (the "Company") has been notified that Lyford
Investment Enterprises, Ltd now holds 5,559,800 ordinary shares of 1 pence each
in the Company, following sales of the Company's ordinary shares, representing
15.85% of the Company's issued share capital.





For further information:


Global Energy Development PLC
Catherine Miles, director of Investor Relations   +44 (0) 20 7763 7177
www.globalenergyplc.com                           +44 (0) 7909918034






                      This information is provided by RNS
            The company news service from the London Stock Exchange

END
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