Global Marine Energy.

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Global Marine Energy PLC
23 December 2005

23 December 2005



Global Marine Energy Plc

('GME' or the 'Company')

Date of proposed share consolidation


In its circular to shareholders posted on 30 November 2005, the Company
announced a resolution, to be proposed at the extraordinary general meeting to
be held at 12.00 noon on 28 December 2005, to consolidate the issued and
authorised share capital of the Company. The share consolidation will result in
every 100 ordinary shares with a nominal value of 0.025 pence each in the
capital of the Company being consolidated
into 1 new ordinary share with a nominal value of 2.5 pence.


The circular states that the date of consolidation of the ordinary shares will
become effective on 5 January 2006.


The Company wishes to inform shareholders that the record date for the share
consolidation will be 5 January 2006 and that the new ordinary shares of 2.5
pence each will commence trading on 6 January 2006.