Notification of Major Interest in Shares

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES

1. Identity of the issuer or the underlying issuerof existing shares to which voting rights areattached:

Global Energy Development Plc

2 Reason for the notification (please tick the appropriate box or boxes):

An acquisition or disposal of voting rights

ü

An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached

An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments

An event changing the breakdown of voting rights

Other (please specify):

3. Full name of person(s) subject to thenotification obligation:

FIL Limited

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

 Section 9

5. Date of the transaction and date onwhich the threshold is crossed orreached:

17th January 2013

6. Date on which issuer notified:

18th January 2013

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

10%

8. Notified details:

A: Voting rights attached to shares

Class/type ofshares

if possible usingthe ISIN CODE

Situation previousto the triggeringtransaction

Resulting situation after the triggering transaction

NumberofShares

NumberofVotingRights

Numberof shares

Number of votingrights

% of voting rights

Indirect

Direct

Indirect

Direct

Indirect

GB0031461949

3,582,387

3,582,387

3,611,218

3,611,218

10.00

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financialinstrument

Expirationdate

Exercise/Conversion Period

Number of votingrights that may beacquired if theinstrument isexercised/ converted.

% of votingrights

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financialinstrument

Exercise price

Expiration date

Exercise/Conversion period

Number of voting rights instrument refers to

% of voting rights

Nominal

Delta

Total (A+B+C)

Number of voting rights

Percentage of voting rights

3,611,218

10.00%

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

Proxy Voting:

10. Name of the proxy holder:

FIL Limited

11. Number of voting rights proxy holder will acquire:

28,831

12. Date on which proxy holder will acquire voting rights:

17th January 2013

13. Additional information:

None

14. Contact name:

Nina Collomosse

15. Contact telephone number:

[email protected], 01737 837092

Buchanan (Financial PR)

Tim Thompson

+44 (0)20 7466 5000

Ben Romney

 Northland Capital Partners Limited

 Louis Castro

+44 (0)20 7796 8800

 Lauren Kettle

 Westhouse Securities

+44 (0) 20 7601 6100

 Petre Norton

 Antonio Bossi