Rule 8.3- (GME Plc)

RNS Number:5018N
Cobra Capital Limited
08 December 2006


                                                         FORM 8.3


  DEALINGS BY PERSONS WITH INTERESTS IN
   SECURITIES REPRESENTING 1% OR MORE
     (Rule 8.3 of the Takeover Code)

1   KEY INFORMATION


Name of person dealing  (Note 1)                Cobra Capital Limited


Company dealt in                                Global Marine Energy Plc


Class of relevant security to which the         Ordinary Shares of 2.5p
dealings being disclosed relate (Note 2)
Date of dealing                                 06 December 2006


2     INTERESTS, SHORT POSITIONS AND RIGHTS TO SUBSCRIBE


(a)   Interests and short positions (following dealing) in the class of
      relevant security dealt in (Note 3)


                                                   Long                  Short
                                        Number          (%)         Number       (%)
                                                                   

(1) Relevant securities                 366,667      (0.51%)
                                         

(2) Derivatives (other than options)

(3) Options and agreements to purchase/
sell

Total                                   366,667      (0.51%)




(b)         Interests and short positions in relevant securities of the company,
            other than the class dealt in (Note 3)


Class of relevant security: Long                           Short
                            Number                         Number
                                       (%)                             (%)

(1) Relevant securities

(2) Derivatives (other than
options)

(3) Options and agreements
to purchase/sell

Total




(c)     Rights to subscribe (Note 3)


Class of relevant security:             Details




3       DEALINGS (Note 4)


(a)     Purchases and sales


Purchase/sale      Number of securities               Price per unit (Note 5)

Sale               500,000                            18.20 pence




(b)        Derivatives transactions (other than options)




Product name,   Long/short (Note 6)      Number of securities      Price per unit (Note 5)
                                         (Note 7)
e.g. CFD




(c)       Options transactions in respect of existing
          securities


(i)           Writing, selling, purchasing or varying


Product     Writing, selling,       Number of    Exercise  Type, e.g.  Expiry  Option moneypaid/
name,e.g.   purchasing, varying     securities   price     American,   date    received per unit
call option etc.                    to which the           European            (Note 5)
                                    option                 etc.
                                    relates
                                    (Note 7)




(ii)        Exercising


Product name, e.g. call      Number of securities                Exercise price per unit
option                                                           (Note 5)




(d)                         Other dealings (including new securities) (Note
                            4)


Nature of transaction    Details                                  Price per unit (if
(Note 8)                                                          applicable)
                                                                   (Note 5)




4         OTHER INFORMATION



Agreements, arrangements or understandings relating to options or derivatives



Full details of any agreement, arrangement or understanding between the person
disclosing and any

 other person relating to the voting rights of any relevant securities under any
option referred to on this

form or relating to the voting rights or future acquisition or disposal of any
relevant securities to which any

 derivative referred to on this form is referenced.  If none, this should be
stated.


Is a Supplemental Form 8 attached? (Note 9)                          NO


Date of disclosure                                    06 December 2006

Contact name                                          Adam Westcott

Telephone number                                      020 7763 2200

If a connected EFM, name of offeree/offeror with
which connected

If a connected EFM, state nature of connection (Note
10)




Notes



The Notes on Form 8.3 can be viewed on the Takeover Panel's website at
www.thetakeoverpanel.org.uk




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

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