Greenko : Long Term Incentive Plan Awards

19 September 2014

("Greenko" or "the Company")

Greenko Group plc, the Indian developer, owner and operator of clean energy projects, today announced the grant of awards under its LTIP over 5,100,000 new ordinary shares of €0.005 each in Greenko to ACMK Enterprise Limited ("ACMK"), a company wholly owned by Greenko's founders and executive directors, Anil Chalamalasetty and Mahesh Kolli, which in recognition of the operating capacity achieved by the Company since March 2011 have vested and are exercisable immediately at nominal cost (€0.005 per share). Following their issue, the new ordinary shares will represent 3.3% of the enlarged issued share capital of the Company and ACMK will have an interest in 26,743,146 ordinary shares in the Company, representing 17.2% of the enlarged share capital. On admission of the new ordinary shares, the Company will have 155,761,606 ordinary shares with voting rights in issue. ACMK will be required to hold the new ordinary shares for a further three years after issue.
The Company has also granted a further performance related award to ACMK over 3,100,000 new ordinary shares exercisable at nominal cost (€0.005 per share) which may vest and become exercisable over the period 2016 to 2018. Subject to achieving KPI targets, 1/3 of the award will vest each year over the three year period to 31st March 2018 with the first potential vesting for 1/3 of the award being in July
2016 following the announcement of the Company's audited results. The number of shares subject to the award which may each year vest is weighted as to 60% for achieving installed capacity MW, 20% for revenue and 20% for profits before tax. Subject to any other restrictions ordinary shares acquired following the exercise of the award may be sold after one year. The award, if it vests in full, would represent 2% of the enlarged issued share capital of the Company.
Other than the above, ACMK holds no other option awards over any other new ordinary shares in the
Company.
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For further information please visit http://www.greenkogroup.com/www.greenkogroup.comor call:

Mr Keith Henry, Chairman
Ms Vinodka Murria, Chair of the Remuneration Committee

Jeremy Ellis / Gary Clarence

Matt Ridsdale / Mike Bartlett/ Niall Walsh
+44 (0)20 7614 5917
+44 (0)20 7614 5917
+44 (0)20 7597 4000
+44 (0)20 7920 3150

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 hydropower projects 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 an education, health and wellbeing, environmental stewardship and improving rural infrastructure.
Greenko Group pie was admitted to trading an the AIM market of the Londan Stock Exchange (LSE: GKO)
in November 2007.

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