GME Global Marine

RNS Number:7802H
Fairfax I.S. PLC
15 November 2007






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



                             RECOMMENDED CASH OFFER

                                      FOR

                        GLOBAL MARINE ENERGY plc ("GME")

                                       BY

                   EMER INTERNATIONAL GROUP LIMITED ("EMER")


On 6 November 2007 EMER announced a recommended increased offer for GME of 16p
for each GME share ("the EMER offer") together with an irrevocable undertaking
from Gartmore Investment Limited in respect of its holding in GME to vote in
favour of certain resolutions to be put to GME shareholders at a general meeting
convened for 9 November 2007 and to accept the offer when made. EMER wishes to
clarify that this irrevocable commitment will lapse if the EMER offer is not
made by 21 November 2007.


Contact:


Fairfax I.S. PLC (advisors to EMER)

Omar Bayoumi /Simon Stevens:               +44 (0)20 7598 5368


Fairfax I.S. PLC which is authorised and regulated in the United Kingdom by the
Financial Services Authority for investment business, is acting exclusively for
EMER and for no-one else in relation to the proposed Offer and is not acting for
any other person in relation to the proposed Offer. Fairfax will not be
responsible to anyone other than EMER for providing the protections afforded to
its clients or for providing advice in relation to the proposed Offer, the
contents of this announcement or any offer or arrangement referred in this
announcement.


Dealing disclosure requirements


Under the provisions of Rule 8.3 of the Code, if any person is, or becomes,
"interested" (directly or indirectly) in one per cent or more of any class of
"relevant securities" of GME, all "dealings" in any "relevant securities" of GME
(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
p.m. (London time) on the 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 acceptance, 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withdrawn or on which the "Offer Period" otherwise ends.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 of the Code.


Under the provisions of Rule 8.1 of the Code, all "dealings" in "relevant
securities" of GME by EMER or GME or by any of their respective "associates"
must be disclosed by no later than noon (London time) on the 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 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 in the preceding paragraphs under the heading "Dealing
disclosure requirements" are defined in the 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 of the Code, you should consult the Panel.


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 purchase any securities in any jurisdiction pursuant
to the Offer or otherwise.



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

END
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