GKO.L Regulatory News (GKO)

7 May 2013

Greenko Group plc

("Greenko" or "the Company")

Amendment to GEEMF Terms

Greenko, the Indian developer, owner and operator of clean energy projects, is pleased to announce that as previously reported in the Circular published on 22 March 2013, the pre-conversion lock-in period for Global Environment Emerging Markets Fund III LP's ("GEEMF") preference shares ("Preference Shares") in Greenko's subsidiary, Greenko Mauritius ("GM") and the period for calculating the required return, have been extended by one year to 30 June 2015. This amendment aligns GEEMF with the minimum lock-in period for the £100 million investment into GM by an affiliate of the Government of Singapore Investment Corporation Pte Ltd ("GIC") announced on 15 March 2013. GEEMF's affirmative rights on management reserved matters and shareholder reserved matters are also extended to 30 June 2015, along with its existing right to appoint two directors to the GM board.

The Circular published by Greenko on 7 October 2009 sets out the terms of GEEMF's US$46.26 million subscription for Preference Shares and the option, in certain circumstances, to swap such Preference Shares for 29,124,371 ordinary shares in Greenko ("Ordinary Shares") or such number of Ordinary Shares that provides GEEMF with its required return. The Greenko board's commercial view is that GEEMF's existing right to swap its Preference Shares for 29,124,371 Ordinary Shares should provide GEEMF's required return to 30 June 2015, without incremental dilution to existing shareholders. Also as a result of this amendment, the warrant held by GEEMF to subscribe for 1,077,441 Ordinary Shares now falls away.

This amendment is considered a related party transaction under AIM Rule 13 because GEEMF's Preference Shares, which are capable of being exchanged into Ordinary Shares, represent more than 10% of the issued share capital of GM. Greenko's board, having consulted with Arden Partners plc as Nominated Adviser, consider that the terms of the GEEMF proposal are fair and reasonable insofar as its shareholders are concerned.

 -Ends-

For further information please visit www.greenkogroup.com or call:

Greenko Group plc

Anil Chalamalasetty +44 (0)20 7920 3150

Mahesh Kolli

Vasudeva Rao Kaipa

Mark Thompson

Arden Partners plc

Richard Day / Adrian Trimmings +44 (0)20 7614 5917

Tavistock Communications

Matt Ridsdale / Mike Bartlett +44 (0)20 7920 3150

About Greenko

Greenko is a mainstream participant in the growing Indian energy industry and a market leading owner and operator of clean energy projects in India utilising a de-risked portfolio of wind, run-of-river hydropower, natural gas and biomass assets. The Group is now focused on building new utility scale wind farms and run-of-the-river hydropower across India. Greenko intends to increase the installed capacity it operates by winning concessions to develop and build new greenfield assets, as well as making selective acquisitions which enhance shareholder value.

Greenko's portfolio is carefully planned and managed to ensure it offers investors diversification and spreads its risk across a number of projects that utilise various well-proven environmental technologies. The Company's goal is to reach 1,000 MW of operational capacity in 2015 and approximately 2,000 MW in 2018.

With a core belief in sustainability both operationally and environmentally, Greenko endeavours to be a responsible business playing an important role in the community beyond its role in the power generation industry. The Company maintains a continuous involvement in localised projects and community programmes which centre on education, health and wellbeing, environmental stewardship and improving rural infrastructure.

Greenko Group plc was admitted to trading on the AIM market of the London Stock Exchange (LSE: GKO) in November 2007.