Vedanta Resources : Announcement by Cairn India Limited

2 May 2014

Vedanta Resources plc
Announcement by Cairn India Limited

The following release was issued today by Vedanta Resources Plc's subsidiary Cairn India Limited.

For Immediate Release2nd May, 2014

Cairn India Limited Announcement

Cairn India Ltd. announces that Mr. P Elango, Interim CEO & Whole time Director has decided to step down for personal reasons. The Board has accepted his resignation.  Mr. Sudhir Mathur, CFO, has taken over the additional responsibility of leading the organization in the interim.  Tom Albanese, CEO Vedanta Resources plc and Mike Yeager, Chairman, Operations Review Board, Cairn India, will continue to work closely with the leadership team in managing the business under the guidance of the Board.

The Board expresses its appreciation for Mr. Elango's significant contribution during his nearly 18 years' association with the company. Under Elango's leadership, Cairn delivered 200,000 boepd from the Rajasthan block and achieved record levels of financial revenue & profitability.

Cairn India remains focused on realizing the full potential from the Rajasthan block. Our immediate and medium-term priorities therefore are efficient execution of the key projects in hand.

Mr. Navin Agarwal, Chairman, Cairn India Ltd., said: "Elango has had a successful stint at Cairn. He leaves Cairn India in the hands of a strong technical and business organization. Cairn India has a terrific future and I am confident that Sudhir Mathur and the team will steer the organization to realize its true potential."

Contact Details

Media Relations

Dr Sunil Bharati,

Chief Technology Officer & Head, Corporate Affairs & Communications                  

+91 124 459 3138. Mobile +91 99104 86055

cilmedia@cairnindia.com;spokesperson@cairnindia.com

Investor Relations

Nidhi Aggarwal, Head - Investor Relations            

+91 124 459 3490. Mobile +91 98101 97755        

For further information, please contact:

About Vedanta Resources plc

Vedanta Resources plc ("Vedanta") is a London listed diversified global natural resources major. The group produces aluminium, copper, zinc, lead, silver, iron ore, oil & gas and commercial energy. Vedanta has operations in India, Zambia, Namibia, South Africa, Ireland, Liberia, Australia and Sri Lanka. With an empowered talent pool globally, Vedanta places strong emphasis on partnering with all its stakeholders based on the core values of entrepreneurship, excellence, trust, inclusiveness and growth. For more information, please visitwww.vedantaresources.com.

Disclaimer

This press release contains "forward-looking statements" - that is, statements related to future, not past, events. In this context, forward-looking statements often address our expected future business and financial performance, and often contain words such as "expects," "anticipates," "intends," "plans," "believes," "seeks," "should" or "will." Forward-looking statements by their nature address matters that are, to different degrees, uncertain. For us, uncertainties arise from the behaviour of financial and metals markets including the London Metal Exchange, fluctuations in interest and or exchange rates and metal prices; from future integration of acquired businesses; and from numerous other matters of national, regional and global scale, including those of a political, economic, business, competitive or regulatory nature. These uncertainties may cause our actual future results to be materially different that those expressed in our forward-looking statements. We do not undertake to update our forward-looking statements.