NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO THE UNITED STATES OF AMERICA, ITS TERRITORIES AND POSSESSIONS (INCLUDING PUERTO RICO, THE U.S. VIRGIN ISLANDS, GUAM, AMERICAN SAMOA, WAKE ISLAND AND THE NORTHERN MARIANA ISLANDS), ANY STATE OF THE UNITED STATES, AND THE DISTRICT OF COLUMBIA (THE "UNITED STATES") OR TO ANY U.S. PERSON (AS DEFINED IN REGULATION S UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (EACH A "U.S. PERSON")) OR TO ANY PERSON LOCATED OR RESIDENT IN ANY OTHER JURISDICTION WHERE IT IS UNLAWFUL TO DISTRIBUTE THIS ANNOUNCEMENT. OTHER RESTRICTIONS APPLY (SEE "OFFER AND DISTRIBUTION RESTRICTIONS" IN THE TENDER OFFER MEMORANDUM).

9 February 2016

On 1 February 2016, Vedanta Resources plc (the "Offeror") launched an invitation to holders of the outstanding bonds detailed in the table below to tender their Bonds for purchase by the Offeror for cash (the "Offer") at a price to be determined pursuant to a modified Dutch auction.
Further to the above-mentioned announcement, the Offeror hereby announces that:

(a) the Maximum Acceptance Amount of the outstanding Bonds that the Offeror might purchase has been increased from U.S.$250,000,000 to U.S.$321,900,000; and

(b) the Acceptance Amount and the Purchase Price are set out in the table below:

Capitalised terms used in this announcement but not otherwise defined have the meanings given to them in the tender offer memorandum dated 1 February 2016 (the "Tender Offer Memorandum").

All Bonds tendered (or deemed, pursuant to a Non-Competitive Offer, to be tendered) at an Offer Price below the Purchase Price have been accepted in full without pro-ration. Bonds submitted pursuant to Competitive Offers at an Offer Price higher than the Purchase Price will not be accepted pursuant to the Offer. Because the aggregate amount of Bonds tendered at an Offer Price lower than or equal to the Purchase Price exceeds the Acceptance Amount, all Bonds tendered at the Purchase Price will be pro-rated with a pro-ration factor of 30 per cent., as provided in the Tender Offer Memorandum.

The total consideration payable to each Bondholder in respect of Bonds validly submitted for tender and accepted for purchase pursuant to the Offer, will be an amount in cash (rounded to the nearest U.S.$0.01, with U.S.$0.005 rounded upwards) equal to the sum of (i) the Purchase Price in respect of the aggregate principal amount of such Bonds validly tendered by a Bondholder and accepted for purchase by the Offeror (the "Purchase Consideration") and (ii) the Accrued Interest Payment in respect of such Bonds (of U.S.$412.50 per U.S.$100,000 in principal amount of the Bonds).

The expected Settlement Date for the Offer is 10 February 2016.

Following settlement of the Offer on 10 February 2016, U.S.$582,200,000 of the above Bonds shall remain outstanding.

In accordance with the Terms and Conditions of the Bonds the purchased Bonds may either be surrendered by the Offeror, at its sole discretion, to Vedanta Resources Jersey Limited for cancellation or be held until their maturity date.

Contact Details:

THE OFFEROR

Vedanta Resources plc
6 St Andrew Street
London EC4A 3AE
United Kingdom
 

THE DEALER MANAGERS

THE TENDER AGENT

Lucid Issuer Services Limited

Tankerton Works
12 Argyle Walk
London WC1H 8HA
United Kingdom

Telephone: +44 20 7704 0880
Attention: Thomas Choquet
Email: vedanta@lucid-is.com

THIS ANNOUNCEMENT IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO THE UNITED STATES OR IN ANY OTHER JURISDICTION WHERE IT IS UNLAWFUL TO DO SO.

Neither this announcement, the Tender Offer Memorandum nor the electronic transmission thereof constitutes an offer to buy or the solicitation of an offer to sell Bonds (and tenders of Bonds for purchase pursuant to the Offer will not be accepted from Bondholders) in any circumstances in which such offer or solicitation is unlawful.