Greka Drilling : Form of Direction

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/REKA

DRILLING

GREKA DRILLING LIMITED

(Incorporated in the Cayman Islands with limited liability)

Form of Direction

FORM OF DIRECTION FOR COMPLETION BY HOLDERS OF DEPOSITORY INTERESTS REPRESENTING SHARES ON A 1 FOR 1 BASIS IN GREKA DRILLING LIMITED (THE "ISSUER COMPANY") IN RESPECT OF THE ANNUAL GENERAL MEETING TO BE HELD AT 2:00 P.M. ON TUESDAY 26 .JULY 2016 AT THE OFFICES OF SMITH AND WILLIAMSON AT 25 MOORGATE, LONDON EC2R 6AY

I/We

Please insert full name(s) and address(es) in BLOCK CAPITALS

of

being a holder of Depository Interests representing shares in the Issuer Company hereby appoint Capita IRG Trustees Limited (the "Depository") as my/our proxy to vote for me/us and on my/our behalf at the Annual General Meeting of the Issuer Company to be held on the above date (and at any adjournment thereof) as directed by an X in the spaces below.

Please indicate with an ''X" in the spaces below how you wishyour vote to be casts. If no indication is given, you will be deemed as instructing the Depository to abstainfrom voting on the specified resolution.

1. AS AN ORDINARY RESOLUTION THAT, in accordance with the

   FOR AGAINST ABSTAIN

   requirement in the Company's Articles of Association that a director D D D

   appointed by the Board retire at the next annual general meeting after his

   appointment and be eligible to stand for election, Mr. Richard Day's and Mr. Sean Mulhearn's retirements be noted, and they both are hereby reappointed as Non-Executive Directors of the Company with immediate effect.

   D D D

2. AS AN ORDINARY RESOLUTION THAT the Annual Report of the Issuer Company for the year ended 31 December 2015, presented by the Chairman to the shareholders at the meeting, be and is hereby approved.

Signature: ­

NOTES:

I . To be effective, this Form of Direction and the power of attorney or other authority (if any) under which it is signed, or a notarially or otherwise certified copy of such power or awhority, must be deposited al Capita Asset Services, PXS, 34 Beckenham Road, Beckenham, Kent BR3 4TU not later than 10:00 a.m. on 22 July 2016.

1. The 'Vote Abstain· option is provided to enable you lo abstain.from voting on the resolutions. However, it should be noted that a 'Vote Abstain' is not a vole in law and will not be counted in the calculation of the proportion of the votes 'For' and 'Against' a resolution.

2. Any alterations made to this Form of Direction should be initialled.

3. In the case of a corporation this Form of Direction should be given under its Common Seal or under the hand of an officer or attorney duly authorised in writing.

4. Please indicate how you wish your votes to be cast byplacing "X" in the boxprovided. On receipt of thisform duly signed, you will be deemed to have authorised the Depository to vote, or to abstain.from voting, asper your instructions.

5. Depository Interests held in uncertified form (i.e. in CREST), representing shares on a one for one basis in the Issuer Company, may be voted through the CREST Proxy Voting Service in accordance with the procedures set out in the CREST manual.

7. The Depository will appoint the Chairman of the meeting as its proxy lo cast your votes. The Chairman may also vote or abstainfrom voting as he or she thinksfit on any other business (including amendments lo resolutions) which may properly come before the meeting.

8. Depository /merest holders wishing to attend the meeting should co111acl the Deposito1y al Capita IRG Trustees Limited, The Registry, 34 Becke11ham Road, Beckenham, Kent BR3 4TU or by email by using custl'xfi,111gt lwcamta.co. 11klo request a Letter of Representation no later than 10:00 a.m. 011 22 July 2016.

Busi ness Repl y Pl us Li cence Number

RLUB ·TBUX ·EGUC

l1l111l1·111•11••1ltl·11•11P1111I

Third old and tuck

PXS 1

34 Beckenham Road

BECKENHAM BR3 4ZF

Secondfold

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