Vedanta Resources : announces comprehensive refinancing

• US$ 840 million of commitments from global and Indian banks for term loans with final maturity of 5 years

• New offering of 7 year USD bonds for which the Company plans to conduct a global roadshow next week.

The proceeds of the financings will be used to repay existing indebtedness at the Company, including near term bank loans and "Any and All" tender offers for its outstanding bonds due 2019 and bonds due 2021 which have been announced earlier today.

Upon successful completion of the above suite of transactions, the Company is expected to have no significant bank loan repayments due over the next 18 months. These transactions would extend the Company's average debt maturity and lower its average cost of borrowing.

This initiative follows the early redemption of all our 2018 bonds in May 2017, and a US$1 billion liability management exercise in January 2017, in-line with the Company's strategy to deleverage and strengthen the Company's credit profile.

The Company is focused on delivering on its strategic priorities of production growth, asset optimization as well as de-levering the balance sheet, which has translated into a strong FY2017 financial performance of $11.5bn of Revenue, $3.2bn of EBITDA and $1.5bn of Free Cash Flow, and enabled proactive management of our indebtedness. The completion of the merger between Vedanta Limited and Cairn India has further simplified the group structure. This comprehensive refinancing is a further step to reinforce our strategic focus.

Vedanta Resources Plc ("Vedanta") is a London listed, globally diversified natural resources company with interests in Zinc, Lead, Silver, Oil & Gas, Aluminium, Copper, Iron Ore, and Power. Our world class assets are located primarily in India and Africa.

Our key strengths include our large, low cost and diversified asset base with an attractive commodity mix, market leading positioning to capitalize on India's growth and natural resource potential, well-invested assets driving a strong financial profile and cash flow growth, as well as a highly experienced management team with a proven track record.

With an empowered talent pool globally, Vedanta places strong emphasis on partnering with all its stakeholders based on the core values of trust, sustainability, growth, entrepreneurship, integrity, respect and care. To access the Vedanta Sustainable Development Report 2017, please visit http://www.vedantaresources.com/media/214366/vedanta_sd_report_2016-17.pdf. For more information on Vedanta Resources, please visit www.vedantaresources.com.

Certain statements in this press release are forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and are subject to the safe harbor created thereby. Actual results may differ materially from these statements. The words "expect," "anticipate," "project," "believe" and similar expressions identify forward-looking statements. Although the Company believes that the expectations reflected in its forward-looking statements are reasonable, it can give no assurance that such expectations will prove to be correct. In addition, estimates of future operating results are based on the Company's current complement of businesses, which is subject to change. Statements in this press release speak only as of the date of this press release, and the Company disclaims any responsibility to update or revise such statements.

This announcement does not constitute an offer to buy or the solicitation of an offer to sell securities in any circumstances or jurisdictions in which such offer or solicitation is unlawful. The securities referred to herein have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "Securities Act"), or any state securities laws of the United States, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act and applicable state laws. Any public offering of securities to be made in the United States will be made by means of an offering memorandum that will contain detailed information about the Company and its management, as well as financial statements.

The Company has no intent to register any such securities in the United States or any other jurisdiction. The new bonds offered in the bond offering will only be offered to qualified institutional buyers under Rule 144A of the Securities Act and to non-U.S. persons outside the United States under Regulation S under the Securities Act.