Vedanta Resources : Hosts Second Sustainable Development Day

Vedanta Resources plc

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Vedanta Resources Plc Hosts Second Annual Sustainable Development Day

Mumbai/London, 28 June 2016: Vedanta Resources Plc ('Vedanta', together with its subsidiaries) hosted a Sustainable Development Day in London on 24 June 2016. This was the second time that the annual event has been held. Vedanta invited analysts, investors and members of key industry bodies to the event for an update on the company's sustainable development activities and an open discussion with the management team.

At the meeting, Anil Agarwal, Chairman, Vedanta Resources Plc, commented in his opening remarks: 'Sustainable development is at the heart of our business and I continue to ensure it is a priority for the company and its subsidiaries. We have made substantial progress on our sustainability journey, thanks to the efforts of our management team and everyone who works at Vedanta, and I am committed to the goal of zero harm, zero discharge and zero waste.'

Anil Agarwal also spoke about his personal commitment to sustainable development and described some of the company's recent initiatives in this area. Mr. Agarwal discussed community engagement, including his recent visits to the company's zinc and aluminium operations, and emphasized Vedanta's commitment to complete transparency, responsible advocacy and mutual respect, including free prior informed consent to access natural resources and the need for ongoing dialogue with all stakeholders.

Tom Albanese, Chief Executive Officer, spoke about the company's approach to sustainability risks embedded within the overall business, key focus areas and actions to mitigate risk. Phillip Turner, Group Head of Health, Safety and Environment, described the group's perspective and initiatives underway to develop a culture of safety at Vedanta, both on the ground and at senior management levels, to accelerate its journey towards zero harm. Vedanta is committed to reducing its environmental footprint, with a focus on land, water and waste management in the short term and carbon, energy and biodiversity in the long term.

Roma Balwani, President, Group Sustainability, CSR and Communications, shared an update on ensuring Vedanta's social license to operate. She mentioned the company's efforts in the last year that have led to transparent dialogue and robust grievance processes, and explained how crucial it is to engage in dialogue with the community and other stakeholders in order to build trust. She reiterated Vedanta's commitment to being an equal opportunity employer that respects and preserves the culture and heritage of local communities, including socially vulnerable groups, and its dedication to adhering to the principles of good faith negotiation, informed consultation and participation, and free prior information and consultation. Vedanta is aligned with the UN Sustainable Development Goals and the UK Modern Slavery Act and is rolling out a uniform framework for their implementation.

Euan Macdonald, Non-Executive Director and Chairman of Vedanta's Sustainability Committee, spoke about the Committee's achievements during his three years of leadership and Vedanta initiatives aimed at achieving its goal of 'Zero Harm'. Katya Zotova, Non-Executive Director and member of the Sustainability Committee, explained that safety and stakeholder engagement would be priorities for the Committee going forward.

Ahead of the event, Vedanta had sought views from participants on the sustainable development issues they were most interested in hearing about. Following the presentations, Vedanta management in London, Delhi and Johannesburg provided an update on the company's overall approach and specific areas of interest such as climate change, environmental management, safety, fatality prevention, community relations and human rights.

Vedanta hosted its first Sustainable Development Day in London on 1 July 2015, when the company's 2014-2015 Sustainability Report was unveiled. Since then, Vedanta has implemented behavior-based and technical programmes regarding safety standards, job risk assessment and training workshops, among other initiatives. The company has made significant progress in resource management, site closure practices at Lisheen and diversity, and was named one of the top ten most sustainable companies in India with the CII Sustainable Plus Label.

In the last year, Vedanta has joined forces with India's Ministry of Women and Child Development, the first corporate partnership of its kind in the country, to modernize Anganwadis (child care centres) through Project NandGhar. Vedanta's business units are also involved in social impact projects and have been paired with one nearby village in order to monitor the progress of Vedanta's sustainable development work on child welfare and female empowerment.

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About Vedanta Resources plc

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, 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 trust, sustainability, growth, entrepreneurship, integrity, respect and care. 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.