Extraordinary General Meeting

14 October 2015

Great Eastern Energy Corporation Limited

("Great Eastern" or "the Company")

Extraordinary General Meeting

Great Eastern Energy Corporation Limited (LSE: GEEC), the fully integrated, leading Indian Coal Bed Methane (CBM) company, is pleased to announce that it will convene an Extraordinary General Meeting (EGM) of the shareholders of the Company on November 19, 2015, at the Company's Corporate Office: Signature Towers - A, 14th Floor, South City, NH - 8, Gurgaon - 122 001, Haryana, India.

Copy of the notice sent to shareholders for convening the EGM is available on the Company's website:

http://www.geecl.com/pdfs/Notice-EGM-10-2015.pdf

The said notice has also been forwarded to the depository, Deutsche Bank Trust Company Americas on behalf of GDR holders. Holders of GDRs in the Company who have not received a copy of the notice may obtain a copy from the Company's website.

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. Gas is being produced (Coal-Bed Methane gas) from the Raniganj (South) license area, which covers 210 sq. km, with 2.62 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 year ended as on 31 March 2015, the Company increased its turnover by 9% to US$ 37.46m, EBITDA by 4% to US$ 24.80m and cash generation by 13% to US$ 20.21m.

For further information please visit www.geecl.com

For further information please contact:

Great Eastern Energy

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

Prashant Modi Managing Director & CEO

Arden Partners

James Felix +44 (0)20 7614 5900

Ciaran Walsh

Camarco  

Ginny Pulbrook +44 (0)20 3757 4992

Billy Clegg

Georgia Mann