Director/PDMR Shareholding

For Immediate Release 20 December 2012

Indus Gas Limited

("Indus" or "the Company")

Exercise of Options & Director Dealing

Indus Gas Limited (AIM:INDI.L), an oil & gas exploration and development company with assets in India, announces that on 19th December 2012 Non-executive Chairman Marc Holtzman exercised options to subscribe for a total of 60,000 ordinary shares of 1p each in the Company ("Ordinary Shares") at a price of 164p per Ordinary share.

Application has been made for 60,000 Ordinary Shares to be admitted to trading on AIM and trading of these shares is expected to commence on or around 24 December 2012.

The Company was also informed on 20 December 2012 that on 20 December 2012 Mr Holtzman subsequently sold sufficient Ordinary Shares to fund the exercise, being a total of 9626 Ordinary Shares at 1030p per share. Mr Holtzman would like to stress his continuing support for Indus.

Following this sale, Mr Holtzman is interested in 100,374 Ordinary Shares, representing 0.05 per cent of the Company.

Following this notification, the Company has 182,973,924 shares in issue.

-ENDS-

For further information please contact:

Elena Dobson +44 (0) 20 7861 3147