Director Shareholding

RNS Number:4938N
Global Natural Energy PLC
11 July 2003


                                  SCHEDULE 11

          NOTIFICATION OF INTERESTS OF DIRECTORS AND CONNECTED PERSONS

1)  Name of company

Global Natural Energy plc

2)  Name of director

Ian Falconer

3)  Please state whether notification indicates that it is in respect of
    holding of the shareholder named in 2 above or in respect of a
non-beneficial interest or in the case of an individual holder if it is a
holding of that person's spouse or children under the age of 18 or in respect of
a non-beneficial interest

As 2

4)  Name of the registered holder(s) and, if more than one holder, the
    number of shares held by each of them (if notified)

N/A

5)  Please state whether notification relates to a person(s) connected
    with the Director named in 2 above and identify the connected person(s)

N/A

6)  Please state the nature of the transaction. For PEP transactions
    please indicate whether general/single co PEP and if discretionary/non
    discretionary

Grant of share Options

7)  Number of shares/amount of
    stock acquired

N/A

8)  Percentage of issued class

N/A

9)  Number of shares/amount
    of stock disposed

N/A

10) Percentage of issued class

N/A

11) Class of security

N/A

12) Price per share

N/A

13) Date of transaction

N/A

14) Date company informed

N/A

15) Total holding following this notification

N/A

16) Total percentage holding of issued class following this notification

N/A

If a director has been granted options by the company please complete the
following boxes

17) Date of grant

10.7.2003

18) Period during which or date on which exercisable

10.7.2006 - 9.7.2013

19) Total amount paid (if any) for grant of the option

#1

20) Description of shares or debentures involved: class, number

25,000 Ordinary shares of 25p

21) Exercise price (if fixed at time of grant) or indication that price
    is to be fixed at time of exercise

280p

22) Total number of shares or debentures over which options held
    following this notification

109,774

23) Any additional information

N/A

24) Name of contact and telephone number for queries

Jeremy Gorman 020 7935 0027

25) Name and signature of authorised company official responsible for
    making this notification

Jeremy Gorman Company Secretary

    Date of Notification...11th July 2003..............................






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