GME Global Marine

RNS Number:8440O
Charles Stanley & Co. Ltd.
27 February 2008



      FORM 8.3

    DEALINGS BY PERSONS WITH INTERESTS IN SECURITIES REPRESENTING 1% OR MORE

              (Rule 8.3 of the City Code on Takeovers and Mergers)





1.         KEY INFORMATION


Name of person dealing  (Note 1)               D Godwin Esq
Company dealt in                               Global Marine Energy plc
Class of relevant security to which the        Ordinary
dealings being disclosed relate (Note 2)

Date of dealing                                26 February 2008






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                        450,000  0.63%

(2) Derivatives (other than options)           2,000,000 2.74%
(Spread Bet)
(3) Options and agreements to purchase/sell


Total                                          2,450,000 3.39%





(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)


Purchase                               150,000                               13.88p

Purchase                               50,000                                14p



(b)        Derivatives transactions (other than options)


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

e.g. CFD







(c)        Options transactions in respect of existing securities

(i)         Writing, selling, purchasing or varying


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





(ii)        Exercising


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






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


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


The above individual's interest in Global Marine Energy Plc has not changed. A long spread bet position has been closed
with one spread betting provider and the same position has been re-opened with another spread betting provider.







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






Date of disclosure                                                27 February 2008

Contact name                                                      Robert Howard

Telephone number                                                  020 7953 2154

If a connected EFM, name of offeree/offeror with which connected  n/a
If a connected EFM, state nature of connection (Note 10)          n/a


















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