GME Global Marine

RNS Number:0917H
BankOra Limited
06 November 2007



 NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN, INTO OR
               FROM AUSTRALIA, CANADA, JAPAN OR THE UNITED STATES



FOR IMMEDIATE RELEASE

Response to announcement by EMER International Group Limited

IDM Group Limited ("IDM") notes the announcement of an increased cash offer to
be made by EMER International Group Limited ("EMER") for Global Marine Energy
plc ("GME").

IDM is considering its position in light of this new information.


Enquiries:

BankOra Limited, Financial Adviser to IDM

Michael Brennan                                         Tel: 020 7562 4712
Henry Turcan                                            Tel: 020 7562 4713


BankOra Limited, which is authorised and regulated in the United Kingdom by the
Financial Services Authority, is acting exclusively for IDM and for no-one else
in relation to the subject matter of this announcement and will not be
responsible to anyone other than IDM for providing the protections afforded to
its clients or for providing advice in relation to the contents of this
announcement or any offer or arrangement referred in this announcement.

This announcement is not intended to and does not constitute, or form any part
of, an offer or an invitation to purchase or sell any securities or the
solicitation of an offer to buy any securities in any jurisdiction pursuant to
the arrangements referred to in this announcement or otherwise.

Dealing Disclosure Requirements

Under the provisions of Rule 8.3 of the Takeover Code (the "Code"), if any
person is, or becomes, "interested" (directly or indirectly) in 1% or more of
any class of "relevant securities" of GME, all "dealings" in any "relevant
securities" of that company (including by means of an option in respect of, or a
derivative referenced to, any such "relevant securities") must be publicly
disclosed by no later than 3.30 pm (London time) on the London business day
following the date of the relevant transaction. This requirement will continue
until the date on which the offer becomes, or is declared, unconditional as to
acceptances, lapses or is otherwise withdrawn or on which the "offer period"
otherwise ends. If two or more persons act together pursuant to an agreement or
understanding, whether formal or informal, to acquire an "interest" in "relevant
securities" of GME, they will be deemed to be a single person for the purpose of
Rule 8.3.

Under the provisions of Rule 8.1 of the Code, all "dealings" in "relevant
securities" of GME by IDM or GME, or by any of their respective "associates",
must be disclosed by no later than 12.00 noon (London time) on the London
business day following the date of the relevant transaction.

A disclosure table, giving details of the companies in whose "relevant
securities" "dealings" should be disclosed, and the number of such securities in
issue, can be found on the Takeover Panel's website at
www.thetakeoverpanel.org.uk.

"Interests in securities" arise, in summary, when a person has long economic
exposure, whether conditional or absolute, to changes in the price of
securities.  In particular, a person will be treated as having an "interest" by
virtue of the ownership or control of securities, or by virtue of any option in
respect of, or derivative referenced to, securities.

Terms in quotation marks are defined in the City Code, which can also be found
on the Panel's website.  If you are in any doubt as to whether or not you are
required to disclose a "dealing" under Rule 8, you should consult the Panel.

This announcement may contain statements that are or may be forward-looking with
respect to the financial condition, results of operation(s) and business(es) of
GME and IDM.  These forward-looking statements involve risk and uncertainty
because they relate to events and depend on circumstances that will occur in the
future.  There are a number of factors which could or may cause actual results
or developments to differ materially from those expressed or implied by such
forward-looking statements.  The statements have been made with reference to
forecast price changes, economic conditions, and the current regulatory
environment.


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

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