Cairn India : Intimation under Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ('Listing Regulations')

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August 29, 2018

National Stock Exchange of India Limited

Intimation under Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ('Listing Regulations')

Pursuant to Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find attached Company's Press release in relation to its proposed entry into 41 revenue sharing contracts with the Government of India.

Request you to kindly take the above on record.

Thanking you,

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Yours faithfully,

For Vedanta Limited

Compliance Officer

VEDANTA LIMITED

DLF Atria. Phase 2, Jacaranda Marg, DLF City, curugram - 122002, Haryana, India I T•91124 459 3000 I F •91124 414 5612 www vedantalimited com

RECISTERED OFFICE: Vedanta Limited, 1 Floor. ·c wing, unit 103. corporate Avenue, Atul Projects, Chakala, Andheri (East)

st

Mumbai - 400093. Maharashtra. India i T •91 22 6643 4500 I F •91 22 6643 4530

CIN · L13209MH1965PLC291394

Vedanta Limited

Regd. Office: Vedanta Limited 1st Floor, 'C' Wing,

Unit 103, Corporate Avenue, Atul Projects,

Chakala, Andheri (East),

Mumbai 400093, Maharashtra.

www.vedantalimited.com CIN: L13209MH1965PLC291394

Vedanta Limited

Proposed entry into 41 revenue sharing contracts with the Government of India

Vedanta Limited awarded 41 exploration blocks in India pursuant to Open Acreage Licensing Policy at a total bid cost of US$551 million

Vedanta Limited (the "Company") has been successfully awarded 41 exploration blocks in sedimentary basins throughout India (the "Blocks") pursuant to the Indian Open Acreage Licensing Policy ("OALP") at a total bid cost of US$551 million (the "Transaction"). The OALP is a government-led initiative organised by the Directorate General of Hydrocarbons of the Government of India ("GoI").

The 41 blocks awarded to the Company comprise 33 onshore blocks and 8 offshore blocks. Subject to approval from the shareholders of Vedanta Resources plc (together with its subsidiaries, the "Group"), the Company will enter into 41 revenue sharing contracts ("RSCs") with the GoI to effect the Transaction. Following the signing of the RSCs, a licence permitting exploration, development and production operations of all types of hydrocarbons will be granted pursuant to the terms of the relevant RSC in relation to each Block.

The exploration period shall consist of two phases: (i) the Initial Exploration Phase; and (ii) the Subsequent Exploration Phase. In total, the exploration period will be a duration of six years for all Blocks, subject to any extension granted. The development and production period of each contract will be a maximum of 20 years from the date of grant of the petroleum mining lease following discovery of previously unknown deposits of hydrocarbons and approval of the relevant field development plan, subject to any extension granted.

The Group believes that the Transaction complements its existing strategy to focus on production growth. The OALP is the first major auction of hydrocarbon blocks to take place in India since 2010 and provides an opportunity for the Group to acquire new acreages from all available areas in the sedimentary basins of India. The objective of licensing the Blocks is to acquire fresh seismic data and drill exploration wells to establish resources and reserves of oil and/or gas.

The bid cost of US$551 million represents the Company's total committed capital expenditure on the Blocks during the exploration phase and will be satisfied in cash using the Group's existing cash resources. It is expected that this capital expenditure will occur over a period of approximately three to four years.

Vedanta Limited would have to (in case of any commercial discoveries in any Block, and subject to the terms of the RSCs and applicable law) share a specified proportion of the net revenue from each Block with the GoI. Pursuant to the RSCs, the average (unweighted) revenue share for the Blocks shall be 33 per cent for the initial two years in the case of onshore Blocks, three years in the case of shallow water Blocks or five years in the case of deep and ultra deep water Blocks. Following these initial periods, the revenue share payable to the GoI shall vary depending on the amount of revenue received.

Registered Office: Vedanta Limited 1st Floor, 'C' Wing, Unit 103, Corporate Avenue, Atul Projects, Chakala, Andheri (East), Mumbai 400093, Maharashtra, India.

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CIN: L13209MH1965PLC291394

vedanta

transforming elements

For further information, please contact:

Communications

Arun Arora

Head, Corporate Communications

Tel: +91 124 459 3000gc@vedanta.co.in

Investor Relations Rashmi Mohanty

Director - Investor RelationsTel: +91 22 6646 1531vedantaltd.ir@vedanta.co.in

Sneha Tulsyan

Associate Manager - Investor Relations

About Vedanta Limited

Vedanta Limited is a diversified natural resources company, whose business primarily involves producing oil & gas, zinc - lead - silver, copper, iron ore, aluminium and commercial power. The company has a presence across India, South Africa, Namibia, Australia and Ireland.

Vedanta Limited is the Indian subsidiary of Vedanta Resources Plc, a London-listed company. Governance and Sustainable Development are at the core of Vedanta's strategy, with a strong focus on health, safety and environment and on enhancing the lives of local communities. The company is conferred with the Confederation of Indian Industry (CII) 'Sustainable Plus Platinum label', ranking among the top 10 most sustainable companies in India. To access the Vedanta Sustainable Development Report 2017, please visithttp://sd.vedantaresources.com/SustainableDevelopment2016-17/

Vedanta Limited is listed on the Bombay Stock Exchange and the National Stock Exchange in India and has ADRs listed on the New York Stock Exchange.

For more information please visitwww.vedantalimited.com

Vedanta Limited

Vedanta, 75, Nehru Road,

Vile Parle (East), Mumbai - 400 099www.vedantalimited.com

Registered Office:

Regd. Office: 1st Floor, 'C' wing, Unit 103, Corporate Avenue, Atul Projects, Chakala, Andheri (East), Mumbai - 400 093

CIN: L13209MH1965PLC291394

Important notice

Certain information contained in this announcement, including any information as to the Group's strategy, plans or future financial or operating performance constitutes "forward-looking statements". These forward-looking statements can be identified by the use of terminology such as, "aims", "anticipates", "assumes", "believes", "budgets", "could", "contemplates", "continues", "estimates", "expects", "intends", "may", "plans", "predicts", "projects", "schedules", "seeks", "shall", "should", "targets", "would", "will" or, in each case, their negative or other variations or comparable terminology. Forward-looking

Registered Office: Vedanta Limited 1st Floor, 'C' Wing, Unit 103, Corporate Avenue, Atul Projects, Chakala, Andheri (East), Mumbai 400093, Maharashtra, India.

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CIN: L13209MH1965PLC291394

vedanta

transforming elements

statements appear in a number of places throughout this announcement and include, but are not limited to, express or implied statements relating to the Group's business strategy and outlook; the Group's future results of operations; the Group's future financial and market positions; expectations as to future growth; general economic trends and other trends in the industry in which the Group operates; the impact of regulations on the Group and its operations; and the competitive environment in which it operates.

By their nature, forward-looking statements are based upon a number of estimates and assumptions that, whilst considered reasonable by the Directors and the Company, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Known and unknown factors could cause actual results to differ materially from those indicated, expressed or implied in such forward-looking statements. Forward-looking statements are not guarantees of future performance. Any forward-looking statements in this announcement reflect the Directors' and the Company's current view with respect to future events and are subject to certain risks relating to future events and other risks, uncertainties and assumptions. The forward-looking statements contained in this announcement speak only as at the date of this announcement. The Directors and the Company disclaim any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements contained in this announcement to reflect any change in their expectations or any change in events, conditions or circumstances on which such statements are based unless required to do so by applicable law. You are cautioned against placing undue reliance on any forward-looking statement in this announcement.

Registered Office: Vedanta Limited 1st Floor, 'C' Wing, Unit 103, Corporate Avenue, Atul Projects, Chakala, Andheri (East), Mumbai 400093, Maharashtra, India.

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CIN: L13209MH1965PLC291394