Appointment of Director

 13 January 2015

Great Eastern Energy Corporation Limited

("Great Eastern" or "the Company")

Appointment of Director

Great Eastern Energy Corporation Limited (LSE: GEEC), the fully integrated gas production, development and exploration company, announces that the Board of Directors have approved the appointment of Mr. S. Sundareshan as a non-executive Independent director of the Company w.e.f. 10 January 2015.

Mr. Sundareshan, obtained a Masters degree in arts from Mumbai University and holds a MBA from University of Leeds, United Kingdom. He joined the Indian Administrative Services in 1976 and belonged to the Kerala Cadre. He served as Secretary in the Ministry of Petroleum and Natural Gas, and the Ministry of Heavy Industries and Public Enterprises. He was a member on the Board of Oil and Natural Gas Corporation Ltd. (ONGC), GAIL India Ltd., Indian Oil Corporation Ltd., and the Chairman of Petronet LNG Ltd. He has held several other senior and prominent positions in the Government of India and in the State Government of Kerala.

About the Company

The Company is a fully integrated gas production, development and exploration company in India, providing gas to the growing industrial region of West Bengal, where there is a structural shortage of gas. Gas is being produced (Coal-Bed Methane gas) from the Raniganj (South) licence area, which covers 210 sq. km, with 2.44 TCF of Gas-in-Place.

The Company's second asset is the Mannargudi license situated in the state of Tamil Nadu in India, which covers an area of 667 sq. km and 0.98 TCF Gas-in-Place.

In the six months to 30th September 2014, the Company increased its turnover by 21% to US$19.45m, EBITDA by 14% to US$12.97m and cash generation by 23% to US$10.77m.

For further information please visit www.geecl.com

For further information please contact:

Great Eastern Energy

Yogendra Kr. Modi Chairman & CEO +44 (0)20 7614 5917

Prashant Modi President & COO

Arden Partners

Richard Day +44 (0)20 7614 5900

James Felix

Macquarie Capital (Europe) Limited

Ken Fleming +44 (0)20 3037 2362

Nick Stamp

Camarco  

Ginny Pulbrook +44 (0)20 3757 4980

Billy Clegg

Georgia Mann