3 June 2015

Vedanta Resources Plc

Notification of transfer of 4.98% shareholding in Cairn India to Vedanta Limited

Vedanta Resources Plc's subsidiary Vedanta Limited today made the below announcement. Vedanta's (Vedanta Plc and its subsidiaries) ownership in Vedanta Limited and Cairn India do not change as a result of this share transfer.

The full text of release issued by Vedanta Limited is set out below.

Vedanta Limited

Notification of transfer of 4.98% shareholding in Cairn India to Vedanta Limited from Twinstar Mauritius Holdings Limited, a wholly owned subsidiary of Vedanta Limited

Vedanta Limited has entered into an agreement with a wholly owned subsidiary, Twinstar Mauritius Holdings Limited ("TSMHL"), whereby TSMHL has transferred 4.98% of its stake in Cairn India Limited ("Cairn India") to Vedanta Limited for a cash consideration of US$315mm.

The funds received by TSMHL will be used to service existing debt obligations at TSMHL.

Vedanta Limited's ownership in Cairn India does not change as a result of this share transfer.



For further information, please contact:

Communications

Finsbury

Roma Balwani

President - Group Communications,

Sustainability

and CSR

Tel: +91 22 6646 1000

gc@vedanta.co.in

Daniela Fleischmann

Tel: +44 20 7251 3801

Investors


Ashwin Bajaj

Director - Investor Relations

Anshu Goel

Vice President - Investor Relations

Radhika Arora

Associate General Manager - Investor Relations

Tel: +44 20 7659 4732

Tel: +91 22 6646 1531

ir@vedanta.co.in

About Vedanta Resources

Vedanta Resources Plc ("Vedanta") is a London-listed diversified global resources company . 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.

Notes to Editors:

Vedanta Limited is a diversified natural resources company listed on the Bombay Stock Exchange ("BSE") and National Stock Exchange ("NSE") in India. Vedanta Limited has operations globally and operates across commodities including copper, zinc, iron ore, power, aluminium and oil and gas. Vedanta Resources Plc holds a 62.9% stake in Vedanta Limited.

Cairn India is an independent oil and gas exploration and production company, listed on the Bombay Stock Exchange ("BSE") and National Stock Exchange ("NSE") in India. The company operates assets in India, Sri Lanka and South Africa.

As at 31 March 2015, Cairn India had gross assets of US$10,520mm. Following the Transaction, Vedanta Limited will continue to hold 59.9% in Cairn India, of which 25.5% will be held directly and 34.4% held indirectly through TSMHL.

Further details on Cairn India's Board can be found at:https://www.cairnindia.com/about-us/cairn-glance/board-directors.


This information is provided by RNS
The company news service from the London Stock Exchange
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