Notifiable Interest

RNS Number : 7664A
Global Energy Development PLC
06 August 2008

For Immediate Release 6 August 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:
Millenia Asset Management S.A.
4. Full name of shareholder(s) (if different from 3):
-
5. Date of the transaction (and date on which the threshold is crossed or reached if different):
15 February 2008
6. Date on which issuer notified:
4 August 2008
7. Threshold(s) that is/are crossed or reached:
4%
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 1,409,410 1,409,410 1,414,410 1,414,410 4.00%
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

1,414,410 4.00%

9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if
applicable:
-
10. Name of the proxy holder:
Millenia Asset Management S.A.
11. Number of voting rights proxy holder will cease to hold:
-
12. Date on which proxy holder will cease to hold voting rights:
-
13. Additional information:
-
14. Contact name:
Fernando Pertini
15. Contact:
+598 95 013 169

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

END

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