Greka Drilling : Form of Proxy

a1f184b1-2980-405b-9712-138afe3b42dd.pdf

DRILLING

GREKA DRILLING LIMITED

(Incorporated in the Cayman Islands with limited liability)

FORM OF PROXY

FORM OF PROXY FOR USE BY SHAREHOLDERS OF GREKA DRILLING LIMITED (THE "COMPANY") AT THE ANNUAL GENERAL MEETING OF THE COMPANY (THE "MEETING") TO BE HELD AT THE OFFICES OF SMITH AND WILLIAMSON AT 25 MOORGATE, LONDON EC2R 6AY, AT 2:00 P.M. ON TUESDAY 26 JULY 2016

I/We (note (1))

of

being the registered holder(s) of (note (2))

shares of US$0.0001 each in the capital

of the Company ("Share(s)"), hereby appoint (note (3)) the chairman of the Meeting or --------------­ of

to act as my/our proxy for the Meeting to be held at the offices of Smith and Williamson at 25 Moorgate, London EC2R 6AY, at 2:00 p.m. on Tuesday 26 July 2016 and at any adjournment thereof and to vote on my/our behalf as directed below.

Please indicate with a "X" in the spaces provided how you wish the proxy to vote on your behalf. Resolutions:

FOR AGAINST ABSTAIN

1. AS AN ORDINARY RESOLUTION THAT, in accordance with the requirement in the Company's Articles of Association that a director 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 Company for the year ended 31 December 2015, presented by the Chairman to the shareholders at the meeting, be and is hereby approved.

D D D

I/we also hereby authorise/do not authorise* my/our said proxy to vote for me/us on my/our behalf in respect of any other resolutions and/or amended resolutions in his absolute discretion at the annual general meeting, or at any adjournment thereof.

Dated this day of ....;2016.

Shareholder's Signature: _ _ ___ ( notes (4) and (5))

D Please tick here if you are appointing more than 1 proxy. '! - .

NOTES:

Number of shares proxy appointed over.

J . Full name(s) and address(es) lo be inserted in BLOCK CAPITAL LETTERS.

1. Please insert the number of shares registered in yo ur name(s) in each class; if no number is inserted, thisform of proxy will be deemed to relate to al/ the Shares registered in your name(s).

2. A proxy need not be a member of the Company. If a proxy other than the chairman of the Meeting is app ointed, the app ointor must delete the words "the chairman of the Meeting or " and insert the name and address of the p roxy desired in the ,pa ce pr ovided.

./. In the case of joi nt registered holders, the vote of the senior who tenders a vote, whether in person or by pr oxy, shall be accepted to the exclusion of the votes of the otherjo int holder(s). For this purpose, seniority shall be determined by the order in which the names stated in the Register of Members of the Company in respect of suchjo int holding.

1. Thisfor m of pr oxy must be signed by the appoinlor, or his attorney duly authorised, in writing, or if such appointor is a corporation, either under its common seal, or under the hand

   of an officer or attorney so authorised.

2. If this fo rm is returned duly signed but without a ,pecific direction, the pr oxy will vote or abstain at his discretion. The pr oxy will also be entitled to vote at his discretion on any resolution properly put to the Meeting other than those referred to in the notice convening the Meeting. I

7. The ' Vote Abstain' option is pr ovided to enable you to abstainfrom voling on the resolutions.However, iishould be noted that a ·Vote Abstain ' is not a vote in law and will not be counted in the calculation of the p roportion of the votes 'For' and 'Against ' a resolution.

1. In order to be valid, thisform of pr oxy together with a power of attorney or other authority , if any, under which it is signed, or a certified copy of such power or authority must be

   delivered to the attention of Capita Asset Services, PXS, 3./ Beckenham Road, Beckenham, Kent, BR3 ./TU, United Kingdom not later than 48 hours before the time appointed fo r holding the Meeting or any adjourned meeting.

2. Any alterations made lo thisform should be initialled by the person who signsii.

I 0, To appoint more than one pr oxy you may pho tocopy thisfo rm.Please indicate the proxy holder 's name and the number of shares in relation lo which they are authorised to act as your proxy (which, in aggregate, should not exceed the number of shares held by you).Please also indicate if the pr oxy instruction is one of multiple instructions being given. A ll forms must be signed and should be returned together in the same envelope.

Busi ness Repl y Pl us Licence Number

RLUB ·TBUX ·EGUC

hh1111·n1•1p•dil·1'·'1P'1'il

Third old and tuck

PXS l

34 Beckenham Road BECKENHAM

BR3 4ZF

Secondfold

JJ I I