Vedanta Resources : Hindustan Zinc announces second interim dividend

30 March 2016

Vedanta Resources plc's subsidiary Hindustan Zinc Limited today announced second interim dividend. Below is the Hindustan Zinc release:

In its meeting held today to consider a second interim dividend, the Board of Directors has declared a special Golden Jubilee dividend of 1200% i.e. Rs. 24 on an equity share of Rs. 2 each. The record date for the dividends will be April 7, 2016. This dividend will entail an outflow of approximately Rs. 12,205 crore, including dividend distribution tax. The special dividend is in addition to the first interim dividend paid (Rs. 3.80 per share or 190%) in October 2015 of Rs.1,932 crore, including dividend distribution tax.

Agnivesh Agarwal, Chairman, said, 'Hindustan Zinc has continued to deliver robust performance over the years, and during our Golden Jubilee year, we are pleased to reward our shareholders with a special Golden Jubilee dividend of Rs. 12,205 crore, including dividend distribution tax. We will continue to demonstrate our commitment towards delivering value for our shareholders.'

Sunil Duggal, Chief Executive Officer commented, 'This is the highest ever dividend declared by the Company. Since the Government of India divested a stake in the Company in 2002, the cumulative dividend paid by the Company has been Rs. 22,566 crore including dividend distribution tax'.

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About Vedanta Resources

Vedanta Resources plc ('Vedanta') is a London listed diversified global natural 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 and Australia. 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. For more information, please visit www.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.

Vedanta Resources plc issued this content on 30 March 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 30 March 2016 13:12:24 UTC

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