Jubilant Energy proposed Rakesh Jain as CEO

AMSTERDAM, NL – Jubilant Energy N.V. (“Jubilant” or the “Company”) is pleased to announce the proposed appointment of Mr Rakesh Jain as an Executive Director of the Company and designated as Chief Executive Officer for an initial period up to Il th August, 2016 subject to provisions of Jubilant’s Articles of Association. The appointment is subject to approval by shareholders of the Company for which an Extraordinary Generai Meeting has been convened on Monday, the 16th September, 2013 (the “EGM”). Notice of the EGM will be sent to shareholders in due course, which shall be announced and made available on the Company’s website.

About Mr Rakesh Jain

Mr. Rakesh Jain, aged 54, is a Mechanical Engineer from the prestigious Indian Institute of Technology, Delhi and holds a Post Graduate Diploma in Business Management from the Indian Institute of Management, Kolkata. He did a global leadership executive program at Harvard Business School, United States.

Mr. Jain has over 31 years of rich and varied business and management experience. He started his career in 1982 with the TATA Group and worked at various levels in their different ventures until 2003. From 1986 to 1993 he was appointed Generai Manager (Business Development) with Hitech Drilling Services India Limited, a Joint Venture between the TATA and Schlumberger groups. He was then engaged as Vice President with Tata Petrodyne Limited, a TATA group entity in the oil exploration business. Thereafter, he moved to the role of Principal Consultant, Head IT Infrastructure Practice with Tata Consultancy Services.

In 2003 he moved to Hindustan Oil Exploration Company Limited (“HOEC”), a listed company, as its Managing Director and during his 3 years tenure was responsible for transforming HOEC into a high growth independent oil and gas E&P company.

From 2007 tili Mareh 20 l O, he was Chief Executive Officer of Suntera Energy Services (India) Private Limited, a company promoted by the SUN Group and ITERA and engaged in the exploration and production of oil and gas.

More recently, Mr. Jain was Chief Operating Officer of HDFC Education & Development Services Private Limited.

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