Policy for Term of Independent Directors

7 June 2016

Great Eastern Energy Corporation Limited

("Great Eastern" or "the Company")

Adoption of Policy for Term of Independent Directors

Great Eastern Energy Corporation Limited (LSE: GEEC), the fully integrated, leading Indian Coal Bed Methane (CBM) Company, announces that as part of Corporate Governance and in line with the spirit of the requirement of the new Indian Companies Act, 2013 (Act), which came into effect with effect from 1st April, 2014, the Company's Nomination and Remuneration Committee has approved that the Independent Directors of the Company shall hold office for a maximum period of 10 years (two terms of 5 years each) on the Board of the Company but from the date of their first appointment as Director on the Board of the Company. 

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.

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

Patrick Caulfield