Vedanta Resources plc

4 March 2016

Notification to Shareholders in accordance with FRS101

Today Vedanta Resources plc posted a letter to shareholders, the full text of which is set out below.

NOTIFICATION OF ADOPTION OF FINANCIAL REPORTING STANDARD 101 ('FRS101') - REDUCED DISCLOSURE FRAMEWORK

Vedanta Resources Plc's individual financial statements are currently prepared in accordance with UK Generally Accepted Accounting Practice ('UK GAAP'). A new UK reporting standard, Financial Reporting Standard 101 'Reduced Disclosure Framework' ('FRS 101'), became effective for the financial statements of UK companies with accounting periods commencing on or after 1 January 2015. Vedanta Resources Plc is proposing that FRS 101 be adopted for its individual financial statements for the financial year beginning 1 April, 2015 and on an ongoing basis, until such time it notifies shareholders of any change to its chosen accounting framework for the parent company financial statements. This allows Vedanta Resources Plc to follow the same accounting recognition and measurement principles as the Group accounts, but present a reduced level of disclosure for its individual accounts.

After applying FRS 101, the financial position, and disclosures included in Vedanta Resources Plc's individual financial statements are expected to be the same as, or very similar to those reported under the current requirements. The Vedanta Resources Plc's individual financial statements will still be prepared to meet the requirements of the Companies Act 2006, including giving a true and fair view of the Company's assets, liabilities and financial position.

The consolidated financial statements of Vedanta Resources Plc will continue to be prepared in accordance with European Union adopted International Financial Reporting Standards and applicable laws and are unaffected by this new accounting framework.

Before Vedanta Resources PLC can apply the reduced disclosure framework, it is required to inform its shareholders and to provide a reasonable opportunity for its shareholders to object. A shareholder or shareholders holding in aggregate five per cent or more of the total allotted shares in Vedanta Resources Plc may serve objections to the use of the disclosure exemptions by notifying the Company Secretary in writing at 5 Floor, 6 St Andrew Street, London, EC4A 3AE, by close of business on 22 March 2016. If we do not receive notification by this date, we shall assume that you have no objection.

In accordance with Listing Rule 9.6.1 a copy of the notification sent to shareholders has been submitted to the National Storage Mechanism and will shortly be available at www.hemscott.com/nsm.do.

This announcement is made pursuant to Listing Rule 9.6.3.

Contact:

Deepak Kumar, Company Secretary

Tel: 020 7459 5900

Vedanta Resources plc issued this content on 04 March 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 04 March 2016 15:50:14 UTC

Original Document: http://phx.corporate-ir.net/phoenix.zhtml?c=175137&p=irol-newsArticle_Print&ID=2146046