RNS Number:3852Q
Global Natural Energy PLC
30 September 2003


GLOBAL NATURAL ENERGY PLC
CIRCULAR TO SHAREHOLDERS
NOTICE OF EXTRAORDINARY GENERAL MEETING


The Board of Global Natural Energy plc announces that a Circular is today being
mailed to shareholders for the purpose of convening an Extraordinary General
Meeting for the following purposes:


Renewal of Limited Authority to disapply Statutory Pre-emption Rights


The authority granted by shareholders at the Company's 2003 Annual General
Meeting, giving the Directors a limited power disapplying pre-emption rights
under the Companies Act in respect of up to 540,000 ordinary 25p shares, has
been virtually exhausted by the issue, as announced on 2 July 2003, of 538,874
ordinary 25p shares to Rodava Management Limited. The Directors consider that
the remaining power for 1,126 ordinary 25p shares is insufficient for the
Company's present requirements, and is therefore seeking a further power to
allow the Directors to allot up to 567,000 of the Company's ordinary 25p shares
for cash, representing approximately 5% of the Company's present issued share
capital without restrictions. There is no present intention to utilise this
power.


Amendments to Rules of Executive Share Option Scheme


The Company is proposing to amend the definition of those who are eligible to
participate in the Scheme, so as to enable the Remuneration Committee to invite
any employee, consultant, director or other officer of any Group Company or
Associated Company to participate in the Scheme. In addition, it is proposed to
amend the Scheme (in respect for future grants of options) to eliminate (other
than for those participants subject inter alia to redundancy, illness or
injury), the automatic right for leavers to exercise any unexercised options for
a period of six months from the date of their ceasing to be employed by the
Company.


Copies of the Circular, which is being mailed to shareholders on 30 September
2003, have been submitted to the UK Listing Authority and will shortly be
available for inspection at the UK Listing Authority's Document Viewing
Facility, which is situated at:

Financial Services Authority
25 The North Colonnade
Canary Wharf
London E14 5HS


J P Gorman

Company Secretary





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