GED Global Energy

RNS Number:5836J
Global Energy Development PLC
28 September 2006



For Immediate Release                                        28 September  2006


                         GLOBAL ENERGY DEVELOPMENT PLC

                              HOLDING IN COMPANY


Global Energy Development PLC (the "Company"), the Latin America focused
petroleum exploration and production company (LSE-AIM: "GED"), was notified on
27 September 2006 that Fidelity International Limited ("FIL") and its direct and
indirect subsidiaries, being non-beneficial holders, have an interest in
4,958,366 ordinary shares of 1 pence each of the Company, representing 14.04% of
the Company's issued share capital, following purchases 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

404,400           Fidelity Pension Management                JP Morgan, Bournemouth
295,371           Fidelity Pension Management                State Str Bk and Tr Co London (S
281,800           Fidelity Pension Management                Northern Trust London
120,100           Fidelity Pension Management                HSBC Bank PLC
7,000             Fidelity Pension Management                Bank of New York Brussels
3,435,357         Fidelity Investment Services Ltd.          JP Morgan, Bournemouth
147,152           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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