Directorate Change

28 February 2013

Greenko Group PLC

("Greenko", "the Company" or "the Group")

Board Appointments

Greenko, the Indian developer, owner and operator of clean energy projects, is pleased to announce that Keith Henry will assume the role of non-executive Chairman from the start of the Company's new financial year on 1st April 2013 and that John Rennocks FCA is appointed as a non-executive director of the Company with effect from the same date. After handing over the Chairman's role, Y Harish Chandra Prasad will retire as a non-executive director of the Company.

Keith Henry, aged 68, joined Greenko's board in August 2012 after acareer in the global power and energy sectors. He has run large private and publicly listed companies that successfully established major assets in both developed and emerging markets. During his career, Keith was Chief Executive of National Power plc, International Power, Brown & Root Ltd, and Kvaerner Engineering & Construction Ltd.

John Rennocks, aged 67, has had a long and successful career with a range of public companies. He is a Chartered Accountant and spent much of his early career at Smith & Nephew plc, where he served as Finance Director and Company Secretary. He subsequently became the first Finance Director of the publicly listed PowerGen plc, before assuming executive finance roles at British Steel plc and Corus plc. Since then, he has served on a wide range of public company boards in non-executive roles, either as Chairman or Chairman of the Audit Committee, and on appointment he will become a member of Greenko's Audit Committee.

Commenting on the appointments, Y Harish Chandra Prasad, Chairman of Greenko, said:

"We are delighted that John is joining us and that Keith has agreed to step-up into the Chairman's role. These are important appointments for Greenko, as John brings a wealth of financial expertise and Keith comes with top level Board experience from global power and energy companies. Also, after seven years with Greenko, it's time for me step down from the Board and I will be handing over the Chairman's role to Keith Henry at the end of our current financial year, before which I am looking forward to working closely with him as we transition my responsibilities."

Anil Chalamalasetty, the CEO and MD of Greenko said:

 "Harish has been an integral part of Greenko's growth story, having been our Chairman since the Company was formed in 2006. In that time, we have developed into one of India's leading power companies, with significant thanks due to his wise guidance. Today, the background for India's power market remains very strong and whilst there is a persistent Rupee headwind, the Company's underlying progress is unabated. India's economy is moving forward, helped by new government initiatives, with demand for power continuing to exceed demand and giving rise to attractive pricing opportunities.

Our board members bring a significant skill-set to the Group and we are well positioned to roll out a world class independent power producer, with fuel de-risked assets. We're grateful for Harish's support over the years and on behalf of the Board, I would like to thank him for his outstanding contribution and wish him all the best for the future."

Disclosures under AIM Rule 17

John Rennocks is, or has been, a director of the following companies during the last five years:

Current directorships

·; Inmarsat plc - since 2005, Non-Executive Director and Chairman of the Audit Committee

·; Diploma plc - since 2002, Non-Executive Chairman

Past directorships held within the last five years

·; Foreign and Colonial Investment Trust plc - 1997 to 2008, Chairman of the Audit and Risk Committees

·; JP Morgan Fleming Overseas Investment Trust plc - 2001 to 2012, Non-Executive Director

·; Babcock International Group plc - 2002 to 2011, Chairman of the Audit Committee

·; Wagon plc - 2002 to 2008, Senior Independent Director

·; Nestor Healthcare Group plc - 2003 to 2011, Non-Executive Chairman

·; Intelligent Energy plc - 2006 to 2012, Non-Executive Chairman

·; Composite Energy Ltd - 2008, Non-Executive Chairman

John stepped down from Wagon plc in August 2008, ahead of its AGM and a move from the London Main Market to the AIM. The company was subsequently put into Administration at the end of 2008.

There is no further information required to be disclosed under paragraph (g) of Schedule 2 of the AIM Rules.

- Ends -

For further information please visit www.greenkogroup.comor call:

About Greenko

Greenko is a mainstream participant in the growing Indian energy industry and a market leading owner and operator of clean energy projects in India. The Group is building a de-risked portfolio of wind, hydropower, natural gas and biomass assets within India and intends to increase the installed capacity it operates by winning concessions to develop new greenfield assets as well as making selective acquisitions which enhance shareholder value.

Greenko's portfolio is carefully planned and managed to ensure it offers investors diversification geographically and spreads risks across a number of projects which utilise varied environmental technologies. The Company's goal is to reach 1 GW of operational capacity by 2015. Current capacity is over 289 MW, split between wind power, hydropower, biomass and gas/liquid fuel. Greenko's portfolio, which includes projects in the development pipeline, currently stands at 1.63 GW.

With a core belief in sustainability both operationally and environmentally, Greenko endeavours to be a responsible business playing an important role in the community beyond its role in the power generation industry. The Company maintains a continuous involvement in localised projects and community programmes which centre on education, health and wellbeing, environmental stewardship and improving rural infrastructure.

Greenko Group plc was admitted to trading on the AIM market of the London Stock Exchange (LSE: GKO) in November 2007.