Director's Dealing

11 November 2010

Great Eastern Energy Corporation Limited

("Great Eastern" or the "Company")

Director's Dealing

The Company announces that Paul Zuckerman, Non-Executive Director of Great Eastern, has yesterday purchased 6,000 GDRs (each representing 0.5 underlying Ordinary Shares of INR 10 each) in Great Eastern at 385 pence per GDR.

Following this purchase, Mr. Zuckerman has a beneficial interest in 176,733 GDRs in the Company, representing approximately 0.15% of the total issued share capital of the Company.

For further information:

Great Eastern Energy +44 (0)20 73371516

YK Modi - Chairman & CEO

Prashant Modi - President & COO

Arden Partners plc +44 (0)20 7614 5918

Richard Day

Adrian Trimmings

RBC Capital Markets +44 (0)20 7653 4000

Martin Eales

Brett Jacobs

Pelham Bell Pottinger +44 (0)20 7861 3800

Philip Dennis

Elena Dobson