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Investor Relations

Share Price Movement

Share Price Movement

29 August 2012

The board of directors (the “Board”) of Greka Drilling Limited (AIM: GDL), the largest independent and specialised unconventional gas driller in China, has noted the negative movement in the Company’s share price on 28 August 2012.  The Board wishes to state that it is not aware of any reason for such movement.

The Company anticipates releasing its interim results for the six months ended 30 June 2012 on 3 September 2012.

For further information on Greka Drilling, please refer to the website at www.grekadrilling.com or contact:

Stephen Hill, VP Corporate Communications

Greka Drilling Limited

+852 3710 0108

Dr Azhic Basirov / David Jones

Nomad & Broker

Smith & Williamson

+44 20 7131 4000

Paul Connolly / John Dwyer / Steve Baldwin

Broker

Macquarie Capital (Europe) Limited

+44 20 3037 2000

James Henderson / Nick Lambert / Rollo Crichton-Stuart

Investor relations

Pelham Bell Pottinger

+44 20 7861 3232