GED Global Energy

    RNS Number : 9807V
  Global Energy Development PLC
  04 June 2008
   

 For Immediate Release  4 June 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

 446,284      JP Morgan, Bournemouth  Fidelity Investments International
 3,430,439    JP Morgan, Bournemouth  Fidelity Investment Services Ltd
    
    5. Date of the transaction (and date on which the threshold is crossed or reached if different): 
    30 May 2008

    6. Date on which issuer notified: 
    3 June 2008

    7. Threshold(s) that is/are crossed or reached: 
    11%
     8. Notified details: 
    A: Voting rights attached to shares
 Class/type of shares        Situation previous to the Triggering  Resulting situation after the triggering transaction
 If possible using                                    transaction
 ISIN CODE

                       Number of Shares          Number of Voting  Number of shares  Number of voting      % of voting
                                                           Rights                    rights                rights

                                                                             Direct  Direct     Indirect   Direct   Indirect

 1p Ordinary Shares    3,936,723             3,936,723             3,876,723         3,876,723             10.97%
 GB0031461949
    B: Financial Instruments
 Resulting situation after the triggering transaction

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


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

 3,876,723                            10.97%


      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: 
    60,000 shares

    12. Date on which proxy holder will cease to hold voting rights: 
    30 May 2008

    13. Additional information: 
    -
    14. Contact name:
    David Merryweather

    15. Contact:
    fil-regulatoryreporting@uk.fid-intl.com





















This information is provided by RNS
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