MYTRAH ENERGY RAISES USD 60 MILLION

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16 April 2015

Mytrah Energy Limited

("Mytrah" or the "Company")

Mytrah ENERGY raiseS USD 60 MILLION

Mytrah Energy Limited, the India-based renewable energy focused independent power producer, has announced that it has raised USD 60 million of new capital in the form of a non-convertible debenture. Together with the cash flow from its existing 543 MW operating portfolio and the recently concluded USD 70 million financing, this new capital provides all of the equity required to take Mytrah Energy's generating capacity beyond 1000 MW.

The new capital has been provided by Merrill Lynch International("ML") and Aion Direct Singapore Pte Ltd ("Aion"), and takes the form of an INR 3,500 million (approx. USD 56 million) addition to the existing India-listed non-convertible debenture issued by Mytrah Energy (India) Ltd. (the "NCD"), and a USD 4 million loan to Mytrah Energy Ltd (the "Loan").

As announced on November 21st 2014, the NCD is a long-term 5-year instrument with a cash coupon of 12% per annum. The new capital represents the exercise of the USD 28 million "greenshoe" option, plus a USD 32 million extension. The proceeds from this issue will be used primarily to refinance part of existing mezzanine facilities of INR 1,100 million (approx. USD 17.6 million) and the balance for development of new wind power projects from the Company's extensive pipeline.

As part of the USD 32 million extension to the NCD, the Company has issued additional warrants giving the NCD investors the option to purchase a total of 2,827,350 shares in Mytrah Energy Ltd. at a strike price of £0.7729 (approx. USD 1.2) per ordinary share. These warrants represent 1.5% of the Company's issued share capital post exercise, and can be exercised at any time during the 5 year lifetime of the NCD. This brings the total warrants in issue under this structure to 6.5% of the Company's issued share capital post exercise.

Ravi Kailas, Chairman and CEO, Mytrah Energy Ltd. said:

"I am delighted to extend a warm welcome to Aion, which joins Bank of America Merrill Lynch and Apollo funds in this total USD 130 million capital raise. In four years, thanks to the support from our enthusiastic partners and an entrepreneurial team, our business has grown from an idea to 543 MW of operating capacity, with a future project pipeline of 3500 MW. This new capital provides the equity we need to take our capacity beyond 1000 MW".

For further information please visit www.mytrah.com or contact:

Mytrah Energy Limited

Ravi Kailas / Bob Smith +44 (0)20 3402 5790

Investec Bank plc

Chris Sim / Jeremy Ellis +44 (0)20 7597 5970

Mirabaud Securities LLP

Peter Krens / Rory Scott +44 (0)20 7878 3360

Yellow Jersey PR Limited

Anna Legge / Philip Ranger / Dominic Barretto +44 (0)77 4778 8221

About Mytrah Energy Ltd.Mytrah Energy Ltd. (AIM: MYT), the pioneer and one of the largest Independent Power Producers ('IPP') in renewable energy, in India, with 543MW power generation across 10 projects and 6 States. The Company has 172 wind masts installed across multiple states in India, providing a rich source of information from which to select its future projects. Mytrah currently has an active development pipeline of about 3500MW.