G3 Exploration Regulatory News (G3E)

ANNOUNCEMENT TO BE MADE BY THE AIM APPLICANT PRIOR TO ADMISSION IN ACCORDANCE WITH RULE 2 OF THE AIM RULES FOR COMPANIES ("AIM RULES")

COMPANY NAME:

Greka Engineering & Technology Ltd.

COMPANY REGISTERED OFFICE ADDRESS AND IF DIFFERENT, COMPANY TRADING ADDRESS (INCLUDING POSTCODES) :

Registered Address:

PO Box 472

Harbour Place

2nd Floor

103 South Church Street

George Town

Grand Cayman KY1-1106

Cayman Islands

Trading Address:

12th Floor

No. 5 Building

Hua Meilong Plaza

Jing Nan Wu road

DTDZ District

Zhengzhou 450016

Henan Province

PRC

COUNTRY OF INCORPORATION:

Cayman Islands

COMPANY WEBSITE ADDRESS CONTAINING ALL INFORMATION REQUIRED BY AIM RULE 26:

[TBC]

COMPANY BUSINESS (INCLUDING MAIN COUNTRY OF OPERATION) OR, IN THE CASE OF AN INVESTING COMPANY, DETAILS OF ITS INVESTING POLICY). IF THE ADMISSION IS SOUGHT AS A RESULT OF A REVERSE TAKE-OVER UNDER RULE 14, THIS SHOULD BE STATED:

Greka Engineering & Technology Ltd ("Greka Engineering") is a newly-incorporated subsidiary of Green Dragon Gas Ltd. ("Green Dragon") and was established to hold Green Dragon's engineering and technology businesses and certain of its pipeline and gas compression assets.

Greka Engineering's business includes the provision of engineering, procurement, construction and management (EPCM) for infrastructure projects in the unconventional gas sector in China. Projects completed include the design, construction and management of gas gathering systems, a CNG compressing integrated production facility, the installation and commissioning of a 10MW gas-fired power facility and the construction of CNG retail stations.

Greka Engineering is also involved in the research, development and delivery of technologies specific to the unconventional gas sector and incorporating such technologies into industry-specific hardware manufactured in-house such as well-head and gas gathering system compressors, CNG and LNG dispensers, Integrated Circuit Card Point of Sale (ICC POS) gas station systems and a SCADA (supervisory control and data acquisition) system used for remote supervision and management of drilling operations, gas gathering systems, power facilities, vehicles and retail gas stations.

Greka Engineering will be de-merged from Green Dragon by means of a dividend distribution to Green Dragon shareholders.

DETAILS OF SECURITIES TO BE ADMITTED INCLUDING ANY RESTRICTIONS AS TO TRANSFER OF THE SECURITIES (i.e. where known, number and type of shares, nominal value and issue price to which it seeks admission and the number and type to be held as treasury shares):

409,622,133 ordinary shares of US$0.00001 each ("Ordinary Shares"). No shares are currently held in treasury. There are no restrictions on the transfer of the securities.

CAPITAL TO BE RAISED ON ADMISSION (IF APPLICABLE) AND ANTICIPATED MARKET CAPITALISATION ON ADMISSION:

No new capital to be raised.

Anticipated market capitalisation: [TBC].

PERCENTAGE OF AIM SECURITIES NOT IN PUBLIC HANDS AT ADMISSION:

82.88% Ordinary Shares will not be in public hands on admission

DETAILS OF ANY OTHER EXCHANGE OR TRADING PLATFORM TO WHICH THE AIM COMPANY HAS APPLIED OR AGREED TO HAVE ANY OF ITS SECURITIES (INCLUDING ITS AIM SECURITIES) ADMITTED OR TRADED:

None

FULL NAMES AND FUNCTIONS OF DIRECTORS AND PROPOSED DIRECTORS (underlining the first name by which each is known or including any other name by which each is known):

The directors on admission will be:

Randeep Singh Grewal, Executive Chairman

Sanjay Krishna Saxena, Non-executive Director

Frederick Bryan Smart, Non-executive Director

FULL NAMES AND HOLDINGS OF SIGNIFICANT SHAREHOLDERS EXPRESSED AS A PERCENTAGE OF THE ISSUED SHARE CAPITAL, BEFORE AND AFTER ADMISSION (underlining the first name by which each is known or including any other name by which each is known):

Before Admission:

Green Dragon Gas Ltd.

100%

On Admission:

Green Dragon Gas (Holdings) Limited*

64.45%

Mandolin Capital Pte. Ltd.

18.19%

Aberdeen Asset Managers Ltd

7.08%

BNP Paribas Asset Management

3.82%

Platinum Asset Management Limited

3.19%

*Randeep Grewal is beneficially interested in Green Dragon Gas (Holdings) Limited and in addition will hold directly 0.23% after admission and nil before admission.

NAMES OF ALL PERSONS TO BE DISCLOSED IN ACCORDANCE WITH SCHEDULE 2, PARAGRAPH (H) OF THE AIM RULES:

None.

(i) ANTICIPATED ACCOUNTING REFERENCE DATE

(ii) DATE TO WHICH THE MAIN FINANCIAL INFORMATION IN THE ADMISSION DOCUMENT HAS BEEN PREPARED (this may be represented by unaudited interim financial information)

(iii) DATES BY WHICH IT MUST PUBLISH ITS FIRST THREE REPORTS PURSUANT TO AIM RULES 18 AND 19:

(i) 31 December

(ii) Unaudited financial information for the six months ended 30 June 2013

(iii) Audited annual results to 31 December 2013 by 30 June 2014

Unaudited interim results to 30 June 2014 by 30 September 2014

Audited annual results to 31 December 2014 by 30 June 2015

EXPECTED ADMISSION DATE:

30 September 2013

NAME AND ADDRESS OF NOMINATED ADVISER:

Smith & Williamson Corporate Finance Limited

25 Moorgate

London

EC2R 6AY

NAME AND ADDRESS OF BROKER:

RFC Ambrian Limited

Condor House

10 St Paul's Churchyard

London EC4M 8AL

WH Ireland Limited

24 Martin Lane

London EC4R 0DR

OTHER THAN IN THE CASE OF A QUOTED APPLICANT, DETAILS OF WHERE (POSTAL OR INTERNET ADDRESS) THE ADMISSION DOCUMENT WILL BE AVAILABLE FROM, WITH A STATEMENT THAT THIS WILL CONTAIN FULL DETAILS ABOUT THE APPLICANT AND THE ADMISSION OF ITS SECURITIES:

The AIM admission document, which will contain full details about the applicant and the admission of its securities will be available from Greka Engineering's website at [TBC] or from the offices of Smith & Williamson Corporate Finance Limited, 25 Moorgate, London EC2R 6AY.

DATE OF NOTIFICATION:

16 September 2013

NEW/ UPDATE:

NEW