GVK POWER : GVK appoints Darren Yeates as CEO for Australian Operations.

GVK APPOINTS DARREN YEATES AS CEO FOR AUSTRALIAN OPERATIONS Mumbai, January 20 2014: GVK today announced the appointment of Mr. Darren Yeates as the Chief Executive Officer for its Australian operations, welcoming the breadth and depth of his experience that he will bring to the final development stages of its Galilee Basin mining projects.

Mr. Yeates comes to the appointment from his previous roles as Chief Operating Officer and Acting CEO for Rio Tinto Coal Australia, and brings over 30 years' experience in coal mining operations, mine infrastructure and resource sector industries.
Mr. Yeates has played a critical role in managing ports and infrastructure in the Pilbara, and brings a wealth of leadership and operational experience from leading Australian mining operations, which will ensure a seamless transition into our Galilee Basin coal and infrastructure projects.

Dr. GVK Reddy, Founder Chairman and Managing Director GVK Power and Infrastructure said: "I am very pleased with the extensive leadership and experience that Mr Yeates will bring to our organisation. I am extremely confident that Mr. Yeates' in-depth operational and project management experience will complement our existing management team and drive our Galilee Basin projects to operational reality." Mr. Sanjay Reddy, GVK Vice Chairman said: "I look forward to working with Mr Yeates to bring these projects through the next chapter with final operational, construction and financing arrangements coming together to enable us to bring online a new world class high quality, low ash, low sulphur, low gas thermal coal basin." New Chief Executive Officer of GVK Hancock, Mr. Darren Yeates said: "I am astutely aware of the strong position the projects are in today and of the significant progress the project team has achieved throughout the approvals and planning process for the Galilee Basin Projects."

"My immediate focus will be on continuing to build on the significant progress achieved to date and on driving a clear path forward to project delivery," said Mr Yeates.
"Our projects will deliver one of the most significant pieces of regional and economic development Queensland has seen for decades, and I'm really proud to be playing a key role in such a significant suite of projects in my home state."
"I am also really looking forward to working with a company like GVK, who are renowned for their
pioneering spirit and ability to deliver world class projects with best practise outcomes."
Mr. Sanjay Reddy appreciated the outgoing Managing Director, Mr Paul Mulder saying: "On behalf of GVK, I would like to sincerely thank Mr. Paul Mulder for his leadership and management over the last six years."

"I would also like to thank Hancock Prospecting for making Mr Mulder available to GVK on secondment
for the past two years. Our two organisations as partners have a strong and long-term future ahead in
the Galilee Basin."

About GVK

GVK is a leading Indian conglomerate with presence across energy, resources, airports, transportation, hospitality and life sciences sectors. GVK set up India's first independent power plant and has around 6000 MW projects under generation and development. It is the first company in India to develop six -lane road project under PPP model and has around 3000 lane km expressway projects under operations and development. As one of India's largest private sector airport operators, GVK handles 44 mppa through India's first brownfield airport under PPP model - Chhatrapati Shivaji International Airport, Mumbai and Bengaluru International Airport, Bangalore and will develop two airports in Indonesia. Having already invested over USD 4.3 billion, GVK has projects worth over another USD 6.6 billion in the pipeline, in India. It has acquired Australian Coal Mines in Queensland with 8 bt reserves for USD 1.26 billion and envisages an investment of USD 10 billion to for setting up mines, 500 km rail project and 60 mtpa port project which will form one of the world's largest integrated coal mining operations. GVK has undertaken to serve Nation's largest Corporate Social Responsibility (CSR) initiative GVK EMRI 108, saving millions of lives every year.

For further information please contact:

Arun Arora

Group Head and EVP - Corporate Communications, GVK

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Pallavi Rao / Juee Jogdand

Ogilvy Public Relations Worldwide

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