Production Target Achieved

21 January 2013

Great Eastern Energy Corporation Limited

("Great Eastern" or the "Company")

Production Target Achieved

Great Eastern Energy Corporation Limited (LSE: GEEC), the fully integrated, leading Indian Coal-Bed Methane (CBM) company is pleased to announce that its exit production on 31 December 2012, from its Raniganj (South) block, was in line with the projections at 14.73 mmscfd.

Prashant Modi, President & COO, Great Eastern commented:

"We are pleased to achieve our projected production. It reinforces our confidence in our well performance, and we are on track to achieve our projected exit production for 30 June 2013."

For Further Information please contact:

Great Eastern Energy

Yogendra Kr. Modi Chairman & CEO +44 (0)20 7337 1516

Prashant Modi President & COO

Arden Partners

Richard Day +44 (0)20 7614 5917

Goldman Sachs International

James Anderson +44 (0)20 7774 1000

M: Communications

Ann-marie Wilkinson +44 (0)20 7920 2330

Andrew Benbow