Director's Dealing



2 August 2010

Great Eastern Energy Corporation Limited

("Great Eastern" or the "Company")

Director's Dealing

Great Eastern Energy Corporation Limited, a company involved in the exploration, development and production of Coal Bed Methane in India announces that today Mr. Yogendra Kr. Modi, Chairman & CEO, and Mr. Prashant Modi, President & COO via an inter se transaction transferred to themselves 10 (ten only) equity shares each of face value of Rs. 10 (each equity share is equivalent to 2 GDRs) at a price Rs. 655 per share from YKM Holdings Private Ltd. This translates to a price of 450 pence per GDR.

This is an inter se transfer between family holdings and there is no change in the overall interest of Mr. Yogendra Kr. Modi and Mr. Prashant Modi, which together represents 60.48% of the total issued share capital of Great Eastern.

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