Report on Payments to Government

23 August 2019

Great Eastern Energy Corporation Limited

("Great Eastern" or "the Company")

Report on Payments to Government

The Company herewith discloses the payments it has made to the Government of India and the West Bengal State Government for the financial year ended March 31, 2019 as required under the Disclosure and Transparency Rules of the UK Financial Conduct Authority.

In addition to Income Tax, the Company paid Royalty and a Production Level Payment.

1. Income Tax - US$ 2,744,057

2. Royalty - US$ 2,456,495

3. Production Level Payment - US$ 614,124

The payments were made in Indian Rupees and converted into US$ based on the average foreign exchange rate for the said year.

For further information, please contact:

Great Eastern Energy (www.geecl.com)

Yogendra Kr. Modi, Executive Chairman +91 97176 29994

Prashant Modi, Managing Director & CEO