Green Energy Group Limited will seek shareholder approval for a share repurchase program at its Annual General Meeting to be held on May 27, 2013. Under the program, the company will repurchase up to 45,500,217 shares, representing 10% of its issued capital. Repurchase will only be made out of funds which are legally available for such purpose in accordance with the memorandum of association of the Company, the Bye-laws and the laws of Bermuda.

Under Bermuda law, a company may repurchase its shares out of the capital paid up on the relevant shares or out of the funds of the company which would otherwise be available for dividend or distribution or out of the proceeds of a new issue of shares made for the purposes of the repurchase. Any premium payable may only be paid out of funds of the company which would otherwise be available for dividend or distribution or out of the company's share premium account. The purpose of this repurchase program is to enhance the net asset value and/or the earnings per share of the company.

The directors believe that it is in the best interests of the company and its shareholders. The share repurchase program will expire on the conclusion of the next Annual General Meeting, or the expiration of the period within which the next Annual General Meeting of the company is required by the bye-laws of company to be held or the passing of an ordinary resolution by the shareholders of the company in general meeting revoking or varying the authority given to the directors of the company by this resolution, whichever is earlier. As of April 16, 2013, the company has 455,002,176 shares outstanding.