Vedanta Resources Regulatory News (VED)

Vedanta Resources plc

Close period buy-back programme

Vedanta Resources plc (the "Company") announces that, prior to the commencement of its close period on 1 April 2016, it entered into irrevocable arrangements with J.P. Morgan Securities plc ("J.P. Morgan") to commence a buy-back programme to repurchase, within certain pre-set parameters, on its behalf up to US$148.6 million (i.e. up to 20 per cent) of the US$743 million outstanding principal amount of the 6.75% bonds due 2016 of Vedanta Resources plc (the "2016 Bonds") during this close period. These arrangements will take effect on 4 April 2016. In accordance with the terms and conditions of the 2016 Bonds, the purchased 2016 Bonds may either be cancelled or held until their maturity date.

Purchases of the 2016 Bonds will be financed by the Company from its currently available funds and from funds to be made available following part-repayment by Vedanta Limited of an intercompany loan between the Company and Vedanta Limited.

J.P. Morgan will make trading decisions in relation to the purchase of the 2016 Bonds independently of, and uninfluenced by, the Company.

Ahead of the commencement of its close period, the Company also wishes to announce that its lending banks have consented to certain changes requested by the Company to its covenants under the terms of the relevant debt facilities effective from 31 March 2016 until the period ending 30 September 2018. This will ensure compliance by the Company with its covenants relating to all facilities for the testing period ending 31 March 2016.

This announcement does not constitute, or form part of, an offer or any solicitation of an offer for securities in any jurisdiction.

1 April 2016

Enquires:

Vedanta Resources plc

6 St Andrew Street

London EC4A 3AE

United Kingdom

Tel: +353 1 945 1212

For further information, please contact:

Communications

Roma Balwani

President - Group Communications, Sustainability and CSR

Tel: +91 22 6646 1000

gc@vedanta.co.in

Investors

Ashwin Bajaj

Director - Investor Relations

Radhika Arora

Associate General Manager - Investor Relations

Ravindra Bhandari

Manager - Investor Relations

Tel: +44 (0)20 7659 4732

Tel: +91 22 6646 1531

ir@vedanta.co.in

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, 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 visit www.vedantaresources.com.

Disclaimers

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.

Neither this announcement nor the electronic transmission thereof constitutes an offer to buy or the solicitation of an offer to sell 2016 Bonds (and offers of 2016 Bonds for purchase pursuant to the Buyback Programme will not be accepted) in any circumstances in which such offer or solicitation is unlawful.

J.P. Morgan Securities plc, which is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority in the United Kingdom, is acting exclusively for the Company and no-one else in connection with the buy-back programme. It will not regard any other person as its client in relation to the buy-back programme and will not be responsible to anyone other than the Company for providing the protections afforded to its clients, nor for providing advice in relation to the buy-back programme, the contents of this announcement or any transaction, arrangement or other matter referred to herein.