Director Shareholding

GLOBAL ENERGY DEVELOPMENT PLC

(the "Company")

DIRECTOR SHAREHOLDING

Global Energy Development PLC, the South America focused petroleum production and development company (AIM: GED) with operations in Colombia, was notified on 18 July 2012 that Mikel Faulkner, a director of the Company, has purchased a total of 5,000 ordinary shares of 1p each in the Company. Mr. Faulkner acquired the shares in one transaction on 18 July 2012 at 80p per share.

Following this purchase, Mr. Faulkner has a beneficial interest in 265,000 ordinary shares representing 0.74% of the issued share capital Company.

For further information please contact

Global Energy Development PLC

 Buchanan (Financial PR)

Northland Capital Partners Limited

Westhouse Securities