Results for the 9 months ending 31 December 2013

February 12, 2014

Great Eastern Energy Corporation Limited

("Great Eastern" or "the Company")

Results for the nine month period ended 31 December 2013 as per Indian GAAP

Great Eastern Energy Corporation Limited (LSE: GEEC), the fully integrated, leading Indian Coal Bed Methane (CBM) Company, is pleased to announce audited Indian GAAP results for the nine months period ended 31 December 2013. The said accounts (restated) will be used for the proposed IPO of the Company in India.

Highlights

Financials:

· Total revenue increased by 21% to Rs. 1,507m (Unaudited nine months period ended 31 December 2012: Rs. 1,247m)

· EBITDA increased by 27% to Rs. 1,060m (Unaudited nine months period ended 31 December 2012: Rs. 836m)

· Cash Profit increased by 42% to Rs. 833m (Unaudited nine months period ended 31 December 2012: Rs. 587m)

· PBT increased by 129% to Rs. 789m (Unaudited nine months period ended 31 December 2012: Rs. 345m)

· PAT pre MTM* increased by 19% to Rs. 550m (Unaudited nine months period ended 31 December 2012: Rs. 462m)

· PAT after MTM* profit increased by 81% to Rs. 623m (Unaudited nine months period ended 31 December 2012: Rs. 345m)

* MTM (Mark to Market) is on account of the restatement of the foreign currency loans and derivatives

IPO Disclaimer: http://www.geecl.com/disclaimerClause.html

For further information please contact:

Great Eastern Energy

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

Prashant Modi President & COO

Goldman Sachs International

Alastair Maxwell +44 (0)20 7774 1000

Duncan Stewart

Arden Partners

Richard Day +44 (0)20 7614 5917

Katelin Kennish

Macquarie Capital (Europe) Limited

Steve Baldwin +44 (0)20 3037 2362

Shore Capital

Pascal Keane +44 (0)20 7408 4090

Jerry Keen