GED Global Energy

RNS Number:3730Z
Global Energy Development PLC
02 July 2007


For Immediate Release                                                2 July 2007


                         Global Energy Development PLC
                                (the "Company")

                              Notifiable Interest


A Form TR-1 containing the following information has been received by the
Company.

TR-1:  Notification of Major Interests in Shares

1. Identity of the issuer or the underlying issuer of existing shares to which
voting rights are attached:

Global Energy Development PLC

2. Reason for the notification:

An acquisition or disposal of voting rights

3. Full name of person(s) subject to the notification obligation:

Fidelity International Limited (FIL)

4. Full name of shareholder(s) (if different from 3):

Shares Held       Nominee                                  Management Company


83,900            State Str Bk and Tr Co London (S         Fidelity Pension Management
267,900           Northern Trust London                    Fidelity Pension Management
55,700            JP Morgan, Bournemouth                   Fidelity Pension Management
3,485,687         JP Morgan, Bournemouth                   Fidelity Investment Services Ltd
149,452           JP Morgan, Bournemouth                   Fidelity International Limited
415,684           JP Morgan, Bournemouth                   Fidelity Investments International
193,300           HSBC Bank PLC                            Fidelity Pension Management
7,000             Bank of New York Brussels                Fidelity Pension Management

5. Date of the transaction (and date on which the threshold is crossed or
reached if different):

26 June 2007

6. Date on which issuer notified:

28 June 2007

7. Threshold(s) that is/are crossed or reached:

13%

8. Notified details:

A: Voting rights attached to shares
Class/type of      Situation previous to Resulting situation after the triggering transaction
shares             the Triggering
                   transaction
If possible using
ISIN CODE
                   Number of  Number of  Number of   Number of voting rights % of voting rights
                   Shares     Voting     shares
                              Rights

                                         Direct      Direct     Indirect     Direct     Indirect


1p Ordinary Shares 4,517,923  4,517,923                         4,658,623               13.18%

GB0031461949

B: Financial Instruments
Resulting situation after the triggering transaction


Type of financial Expiration date     Exercise/           Number of voting       % of voting rights
instrument                            Conversion Period/  rights that may be
                                      Date                acquired if the
                                                          instrument is
                                                          exercised/ converted




Total (A+B)
Number of voting rights                              % of voting rights


4,658,623                                            13.18%





9. Chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held, if applicable:

Fidelity International Limited (FIL) is the parent holding company for various
direct and indirect subsidiaries, including Fidelity Fund Management Limited
(FFML), Fidelity Investment Services Ltd (FISL), Fidelity Gestion (FIGEST),
Fidelity Investments Advisory (Korea) Limited (FIAKL), Fidelity Investments
Management (Hong Kong) Limited (FIMHK), Fidelity Pension Management (FPM),
Fidelity Investments Japan (FIJ) and Fidelity Investments International (FII),
investment managers for various non-US investment companies and institutional
clients.

10. Name of the Proxy holder:

Fidelity International Limited (FIL)

11. Number of voting rights proxy holder will acquire to hold:

140,700

12. Date on which proxy holder will acquire to hold voting rights:

26 June 2007

13. Additional information:

None

14. Contact name:

Catherine Miles, Company Secretary of Global Energy Development PLC

15. Contact telephone number:

+44 (0)207 763 7177



Annex to Notification of Major Interests in Shares





A: Identity of the person or legal entity subject to the notification obligation



Full name (including legal form for legal entities): Fidelity International
Limited (FIL)



Contact address (registered office for legal entities): Pembroke Hall, 42 Crow
Lane, Pembroke, HM19 Bermuda



Phone number: 01737 836713



Other useful information (at least legal representative for legal persons):
Company Secretary





B: Identity of the notifier, if applicable



Full name: Fidelity Investments International



Contact address: Windmill Court XTW2B, Millfield Lane, Lower Kingswood,
Tadworth, Surrey, KT20 6RB



Phone number: 01737 836713



Other useful information (e.g. functional relationship with the person or legal
entity subject to the notification obligation): Authorised to make this filing
under power of attorney




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