About YKM Holdings International Limited

YKM Holdings International Limited is an investment company holding a range of investments on behalf of the Modi family. The family is a leading Indian family with a range of mainly industrial assets.

Investments by the family include a significant holding in Great Eastern Energy Corporation Limited (GEECL), an Indian based company that listed on the London Stock Exchange in 2005. GEECL is involved in the exploration, development & production of Coal Bed Methane (CBM) gas in the Raniganj Coalfields, West Bengal, India.

YK Modi is Chairman & Managing Director of GEECL. Prashant Modi is also involved in the Company as President & Chief Operating Officer. Prashant also has involvement in GEECL primarily on the operational and development side of the Company.

Commenting, Prashant Modi, said:

“Natural resources are a key part of the future development of the Indian economy and within that coal bed methane is a key element. India has limited domestic natural oil and gas resources and so over recent years the economy has been forced to be dragged in imported resources. This has had a corresponding impact on the countries balance of payments and the cost of raw materials”.

Other investment held by the holding company include a range of emerging market investments through specialised financial instruments, i.e., trying to maximise returns with the minimum risk.

The strategy of the vehicle is to expand the entire value chain to upstream, midstream and down stream investments. It is constantly looking for opportunities worldwide and Prashant Modi is leading this effort on behalf of the Company.

Mr Yogendra Kr Modi is currently the promoter, and Director of YKM Holdings International Limited and is Chairman and Managing Director of GEECL; He was previously President of the Federation of Indian Chamber of Commerce and Industry and also the immediate Past President of the International Chamber of Commerce - India.

Prashant is also a promoter and Director of YKM Holdings International as well as the President & Chief Operating Officer of GEECL.