RNS Number:8514D
Global Energy Development PLC
14 September 2007


For immediate release                                          14 September 2007


                         GLOBAL ENERGY DEVELOPMENT PLC

                             Rule 2.10 Announcement

                          Relevant securities is issue

In accordance with Rule 2.10 of the City Code on Takeovers and Mergers, Global
Energy Development PLC confirms that on 14 September 2007 it has 35,328,428
ordinary shares of 1 pence each ("Ordinary Shares") in issue and there are no
Ordinary Shares held in treasury. In addition, the Company has in issue
US$5,798,000 of unsecured variable coupon convertible notes due 30 October 2012
which are convertible into Ordinary Shares using a fixed exchange rate of $1.78
and a conversion price of 305.8 pence. The Company also has in issue
US$11,903,000 of unsecured variable coupon convertible notes due 8 December 2012
which are convertible into Ordinary Shares using a fixed exchange rate of
US$1.90 and a conversion price of 179 pence. Conversion of the notes on the
basis described above would result in the issue of an additional 4,565,027
Ordinary Shares.

The ISIN reference for the Ordinary Shares is GB0031461949.

For further information:

Global Energy Development PLC                              +44 (0) 20 7763 7177
Catherine Miles, Company Secretary                         +44 (0) 7909918034
www.globalenergyplc.com

Landsbanki Securities (UK) Limited                         +44 (0) 20 7426 9000
(Financial Adviser to the Company)
Jeff Keating / Fred Walsh




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

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