Mytrah Energy Regulatory News (MYT)

16 October 2017

Mytrah Energy Limited

("Mytrah" or the "Company")

Update re Unauthorised Loan

Further to the previous announcement dated 10 October 2017, the Independent Members of the Board of Mytrah (the "Board") confirm that the Company has now received payments totalling $2,566,000 from Mr Ravi Kailas, the Company's Chairman, representing repayment in full of the amount borrowed by him from the Company around the beginning of September 2017. This amount comprises repayment of the loan of $2,550,000 (which is a correction of the amount of $2.4 million originally announced on 10 October 2017) together with an additional amount of interest of $16,000 that has been charged by the Company.

In addition, the Board confirms that it has now engaged an independent law firm and the comprehensive review of the transaction has commenced. Following completion of the review, the Board will update shareholders.

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.

For further information, please visit www.mytrah.com or contact:

About Mytrah Energy Limited

Mytrah Energy Limited, is a renewable power producer listed on the AIM segment of the London Stock Exchange. The Company is one of the largest Independent Power Producers of the Indian renewable energy sector and a pioneer in this space. Mytrah has a portfolio of 2000MW of operational and under development renewable power projects across 9 Indian states (Punjab, Rajasthan, Gujarat, Madhya Pradesh, Maharashtra, Andhra Pradesh, Telangana, Karnataka and Tamil Nadu). Mytrah also has one of the largest wind data banks in India. It is the only independent power producer with over 200 wind mast locations across the country.