RNS Number:6006E
Landsbanki Securities UK
27 September 2007

                                                                    FORM 38.5(a)



                 DEALINGS BY CONNECTED EXEMPT PRINCIPAL TRADERS
                      WITH RECOGNISED INTERMEDIARY STATUS
                      DEALING IN A CLIENT-SERVING CAPACITY
                      (Rule 38.5(a) of the Takeover Code)



1.         KEY INFORMATION


Name of exempt principal trader                Landsbanki Securities (UK) Ltd

Company dealt in                               Global Energy Development plc

Class of relevant security to which the        Ordinary 1p
dealings being disclosed relate (Note 1)


Date of dealing                                26 September 2007





2.         DEALINGS (Note 2)



(a)        Purchases and sales


Total number of securities   Highest price paid        Lowest price paid
purchased                    (Note 3)                  (Note 3)







Total number of securities   Highest price received    Lowest price received
sold                         (Note 3)                  (Note 3)


2,564                        120p sterling             120p sterling



(b)        Derivatives transactions (other than options)


Product  name,    Long/short        Number of securities  Price per unit
e.g. CFD          (Note 4)          (Note 5)              (Note 3)








(c)        Options transactions in respect of existing securities

(i)        Writing, selling, purchasing or varying




Product   Writing,     Number of     Exercise  Type, e.g.    Expiry  Option
name,e.g  selling,     securities to price     American,     date    moneypaid/
call      purchasing,  which the               European etc.         received
option    varying etc  option                                        per unit
                       relates (Note                                 (Note 3)
                       5)









(ii)        Exercising


Product name, e.g.   Number of securities            Exercise price per unit
call option                                          (Note 3)












3.         OTHER INFORMATION



Agreements, arrangements or understandings relating to options or derivatives





Full details of any agreement, arrangement or understanding between the person
disclosing and any other person relating to the voting rights of any relevant
securities under any option referred to on this form or relating to the voting
rights or future acquisition or disposal of any relevant securities to which any
derivative referred to on this form is referenced.  If none, this should be
stated.



..............................................................................



..............................................................................






Date of disclosure                             27 September 2007
Contact name                                   Ann Whitfield
Telephone number                               020 7426 3214
Name of offeree/offeror with which connected   Global Energy Development plc
Nature of connection (Note 6)                  Nominated Adviser & Corporate
                                               Broker





Notes



The Notes on Form 38.5(a) can be viewed on the Takeover Panel's website at
www.thetakeoverpanel.org.uk


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

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