Vedanta Resources : Redemption of 2018 bonds to reduce gross debt

Vedanta Resources plc

16 Berkeley Street

London W1J 8DZ

Tel: +44 (0) 20 7499 5900

Fax: +44 (0) 20 7491 8440

www.vedantaresources.com

4 April 2017

Vedanta Resources Plc announces early redemption of 2018 bonds to reduce gross debt

Vedanta Resources Plc (the 'Company') today announces its election to redeem in cash all of its outstanding 9.5% bonds (ISIN: US92241TAD46 and USG9328DAD24; CUSIP: 92241TAD4 and G9328DAD2) maturing 18 July 2018 under condition 5(b) of the terms and conditions of the bonds. The Company has duly served a Notice of Redemption effective today in accordance with the terms and conditions of the bonds and the settlement is expected to occur on 4 May 2017.

Upon settlement, the Company will reduce its near-term gross debt by $379mm in face value, in-line with its stated strategy to deleverage and extend its average debt maturity.

Tom Albanese, CEO of Vedanta Resources plc commented 'I am pleased with this proactive bond redemption, which is driven by our strategy to reduce debt and optimise the balance sheet of the group. The optimisation of balance sheet along with the ramp-ups at our operations will create value for all stakeholders.'

This announcement contains inside information.

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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, 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.