Approval of DRHP

6 March 2014

Great Eastern Energy Corporation Limited

("Great Eastern" or "the Company")

Approval of DRHP

Great Eastern Energy Corporation Limited (LSE: GEEC), the fully integrated, leading Indian Coal Bed Methane ("CBM") Company, is pleased to announce that in relation to the Draft Red Herring Prospectus ("DRHP") of the Company, the Securities and Exchange Board of India ("SEBI") has vide its letter dated March 5, 2014 ("Letter") has given its final observations on the DRHP filed with SEBI. The Company will endeavor to take all the appropriate steps to list its equity shares on the Indian stock exchanges at the earliest, subject to receipt of requisite approvals, market conditions and other considerations.

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For further information please contact:

Great Eastern Energy

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

Prashant Modi President & COO

Goldman Sachs International

Alastair Maxwell +44 (0)20 7774 1000

Duncan Stewart

Arden Partners

Richard Day +44 (0)20 7614 5917

Katelin Kennish

Macquarie Capital (Europe) Limited

Steve Baldwin +44 (0)20 3037 2362

Shore Capital

Pascal Keane +44 (0)20 7408 4090

Jerry Keen