GED Global Energy

RNS Number:5923I
Global Energy Development PLC
06 September 2006


Immediate Release                                               6 September 2006


                         GLOBAL ENERGY DEVELOPMENT PLC

                               HOLDING IN COMPANY

Global Energy Development PLC ("Global" or the "Company"), the Latin America
focused petroleum exploration and production company (LSE-AIM: "GED"), was
notified on 4 September 2006 that Fidelity International Limited ("FIL") and its
direct and indirect subsidiaries, being non-beneficial holders, have an interest
in 4,908,366 ordinary shares of 1 pence each of the Company, representing 13.89%
of the Company's issued share capital, following sales of the Company's ordinary
shares of 1 pence each.

For further information:

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


The notifiable interests also comprise the notifiable interest of Mr. Edward C.
Johnson 3d, 82 Devonshire Street, Boston, MA 02109, a principal shareholder of
FMR Corp. and Fidelity International Limited.

The notifiable interests include interest held on behalf of authorized unit
trust schemes in the U.K., notwithstanding the exemption from reporting pursuant
to Section 209 (1) (h) of the Companies Act 1985.

These notifications of disclosable interests constitute separate notifications
of interest in the shares and are combined solely for the purposes of clarity
and efficiency. Nothing herein should be taken to indicate that FMR Corp. and
its direct and indirect subsidiaries, Fidelity International Limited and its
direct and indirect subsidiaries or Mr. Edward C. Johnson 3d act as a group or
in concert in respect of the disclosed interests, or that they are required to
submit these notifications on a joint basis.

This shareholding is registered as follows:

Shares Held  Management Company                 Nominee / Registered Name

   388,700   Fidelity Pension Management        JP Morgan Bournemouth
   282,771   Fidelity Pension Management        State Str Bk and Tr Co London (S
   275,700   Fidelity Pension Management        Northern Trust London
   118,000   Fidelity Pension Management        HSBC Bank PLC
     7,000   Fidelity Pension Management        Bank of New York Brussels
 3,427,057   Fidelity Investment Services Ltd.  JP Morgan, Bournemouth
   141,952   Fidelity International Limited     JP Morgan, Bournemouth
   186,986   Fidelity Investments International JP Morgan, Bournemouth
    80,200   Fidelity Investments International Bank of New York Europe Ldn






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

END
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