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Synthesis Energy Systems Enters Joint Marketing Agreement with Simon India Limited

  Synthesis Energy Systems Enters Joint Marketing Agreement with Simon India
                                   Limited

SES and Simon India to Promote Each Other's Capabilities for Gasification
Projects in India

PR Newswire

HOUSTON, March 25, 2013

HOUSTON, March 25, 2013 /PRNewswire/ -- Synthesis Energy Systems, Inc.
(Nasdaq: SYMX) ("SES") has entered into an exclusive marketing and engineering
agreement with Simon India Limited("SIL") to exclusively market SES'
gasification technology for projects in India.

SIL is an engineering, procurement, and construction ("EPC") company and
wholly owned subsidiary of Zuari Global Ltd. of India. SES' advanced and
commercially proven gasification technology is extremely well-suited for the
high-ash coals that make up more than 80 percent of the domestically available
coal in India.

As part of the agreement, SES will exclusively use SIL for all engineering
work it performs for any Indian gasification projects that it is awarded. SES
will also train SIL on its proprietary technology and process design
techniques to enable SIL to eventually produce SES' engineering packages for
all its Indian projects.

Robert Rigdon, president and CEO of SES, stated, "This marketing and
engineering agreement with Simon represents an expansion of our marketing
efforts in India. Simon is a strong partner for the execution of our
engineering work for projects in India, and we look to build on that
relationship to allow for Simon to be our global engineering partner. India is
an excellent market for our technology, and we believe having an in-country
partner with the strengths of Simon will further our capabilities to deploy
our technology in this rapidly emerging market."

Sharad Nandurdikar, managing director of SIL, said, "Simon is confident in the
ability of SES' technology to be deployed at a great scale in India, and we
are excited to partner with them to make that happen. Our engineering team in
New Delhi conducted an exhaustive study of a number of other gasification
technologies and found SES's technology to be the best suited for high ash
Indian coals and lignites. We look forward to working with SES to develop the
first project in India for SES' gasification technology."

About Synthesis Energy Systems, Inc.

SES provides technology, equipment and engineering services for the conversion
of low rank, low cost coal and biomass feedstocks into energy and chemical
products. Its strategy is to create value through providing technology and
equipment in regions where low rank coals and biomass feedstocks can be
profitably converted into high value products through its proprietary U-GAS^®
fluidized bed gasification technology, which SES licenses from the Gas
Technology Institute. U-GAS^® gasifies coal cost effectively, without many of
the harmful emissions normally associated with coal combustion plants. The
primary advantages of U-GAS^® relative to other gasification technologies are
(a) greater fuel flexibility provided by the ability of SES to use all ranks
of coal (including low rank, high ash and high moisture coals, which are
significantly cheaper than higher grade coals), many coal waste products and
biomass feed stocks; and (b) the ability of SES to operate efficiently on a
smaller scale, which enables the construction of plants more quickly, at a
lower capital cost, and, in many cases, in closer proximity to coal sources.
SES currently has offices in Houston, Texas, and Shanghai, China. For more
information on SES, please visit www.synthesisenergy.com or call (713)
579-0600.

About Simon India Ltd.

Simon India Limited, a wholly-owned subsidiary of Zuari Global Limited, is in
the business of executing Engineering, Procurement & Construction (EPC)
projects in the technology segments of process plants, infrastructure,
chemicals, fertilisers, oil & gas, petrochemicals, power and cement.

SIL's workforce is made up of highly experienced professionals from a range of
industries. Besides executing EPC projects, SIL also offers services for
pre-project feasibility studies, plant revamps and retrofits, emissions and
pollution abatement, cross-country pipe-lines, petroleum and chemical storage
etc. SIL has executed large-scale projects for premier clients in the
aforementioned industry segments in India as well as overseas.

For more information on SIL, please visit www.simonindia.com or call +91 11
42602222 or +91 11 46602222.

About Zuari Global Ltd.

Zuari Global Limited, erstwhile Zuari Industries Limited, is part of Adventz
Group and has been the principal promoter entity for the Zuari Group of
Companies, with forays into fertiliser, seeds, engineering, lifestyle
industries and services. Besides growing the fertiliser business of the group
to its present preeminent status as one of India's leading fertiliser
conglomerates, it has a substantial presence in the areas of pesticides,
financial services, RTA furniture and oil tanking through several subsidiaries
and joint ventures.

Companies that are part of Zuari Global Limited include Simon India Ltd.
(SIL), Adventz Infraworld India Ltd., Indian Furniture Products Ltd. (IFPL),
Zuari Investments Ltd. and Zuari Indian Oiltanking Ltd., a 50:50 joint venture
with Indian Oiltanking Ltd.

Zuari Global's businesses have played a pivotal role in positively
contributing to the Indian economy and have over the years generated
employment for thousands of Indians, who have made the Adventz Group into a Rs
12,000 crore conglomerate.

For more information on Zuari Global, please visit
www.adventz.com/businesses-zuari-global.php.

SES Forward-Looking Statements

This press release includes "forward-looking statements" within the meaning of
Section 27A of the Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended. All statements other than
statements of historical fact are forward-looking statements. Forward-looking
statements are subject to certain risks, trends and uncertainties that could
cause actual results to differ materially from those projected. Among those
risks, trends and uncertainties are the early stage of development of SES, its
estimate of the sufficiency of existing capital sources, its ability to
successfully develop its licensing business, its ability to raise additional
capital to fund cash requirements for future investments and operations
including its China platform initiative, its ability to reduce operating
costs, the limited history and viability of its technology, commodity prices
and the availability and terms of financing opportunities, its results of
operations in foreign countries, its ability to diversify, its ability to
complete the restructuring of the ZZ Joint Venture, its ability to obtain the
necessary approvals and permits for its future projects, the estimated
timetables for achieving mechanical completion and commencing commercial
operations for the Yima project as well as the ability of the Yima project to
produce revenues and earnings, the sufficiency of internal controls and
procedures, its ability to effect the proposed ZJX/China Energy transaction
based on its ongoing discussions with ZJX and China Energy, its ability to
grow its business and generate revenues and earnings as a result of its
proposed China and India platform initiatives and its relationship with
Crystal Vision Energy, as well as its joint venture with Midas Resource
Partners. Although SES believes that in making such forward-looking statements
its expectations are based upon reasonable assumptions, such statements may be
influenced by factors that could cause actual outcomes and results to be
materially different from those projected. SES cannot assure you that the
assumptions upon which these statements are based will prove to have been
correct.

Important Notice from SES

In connection with the proposed ZJX/China Energy transaction, SES has filed a
preliminary proxy statement, and intends to file a definitive proxy statement,
with the SEC and intends to mail the definitive proxy statement to the
stockholders of SES. SES and its directors and officers may be deemed to be
participants in the solicitation of proxies from the stockholders of SES in
connection with the transaction. Information about the transaction is set
forth in the preliminary proxy statement filed, and will be set forth in the
definitive proxy statement to be filed by SES with the SEC.

You may obtain the preliminary statement and, when available, the definitive
proxy statement, for free by visiting EDGAR on the SEC website at www.sec.gov.
Investors should read the definitive proxy statement carefully before making
any voting or investment decision because that document will contain important
information.

SOURCE Synthesis Energy Systems, Inc.

Website: http://www.synthesisenergy.com
Contact: Synthesis Energy Systems, Inc., Kevin Kelly, Chief Accounting
Officer, +1-713-579-0600, Kevin.Kelly@synthesisenergy.com; MBS Value Partners,
LLC, Matthew D. Haines, Managing Director, +1-212-710-9686,
Matt.Haines@mbsvalue.com; Feintuch Communications (Media), Richard Anderson,
Senior Managing Director, +1-718-986-1596, SES@feintuchpr.com
 
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