GED Global Energy

RNS Number:3431Q
Global Energy Development PLC
18 March 2008


For Immediate Release                                              18 March 2008


                         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:

 FIL Limited (FIL)

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

Shares Held       Nominee                                  Management Company


415,684           JP Morgan, Bournemouth                   Fidelity Investments International
87,252            JP Morgan, Bournemouth                   FIL Limited
3,407,187         JP Morgan, Bournemouth                   Fidelity Investment Services Ltd
42,700            JP Morgan, Bournemouth                   Fidelity Pension Management
213,900           Northern Trust London                    Fidelity Pension Management

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

13 March 2008

6. Date on which issuer notified:

17 March 2008

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

12%

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 4,250,623  4,250,623                         4,166,723               11.79%

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


4,166,723                                            11.79%





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

FIL 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:

FIL Limited (FIL)

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

83,900

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

13 March 2008

13. Additional information:

-

14. Contact name:

Fabio Correia

15. Contact:

fil-regulatoryreporting@uk.fid-intl.com


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

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