Notifiable Interest

RNS Number:7593D
Global Energy Development PLC
12 September 2007

For Immediate Release 12 September 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:

NCC Limited

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

n/a

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

7 September 2007

6. Date on which issuer notified:

12 September 2007

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

8. Notified details:

A: Voting rights attached to shares
Class/type of Situation previous to the Resulting situation after the triggering transaction
shares triggering transaction

If possible using
ISIN CODE Number of Number of Number of Number of voting % of voting rights
shares voting shares rights
rights
Direct Indirect Direct Indirect

1p Ordinary Shares 2,072,300 2,072,300 3,222,300 3,222,300 n/a 9.1% n/a

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

n/a n/a n/a n/a n/a

Total (A+B)

Number of voting rights % of voting rights

3,222,300 9.1%

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

n/a

10. Name of the Proxy holder:

n/a

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

n/a

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

n/a