Vedanta Resources Regulatory News (VED)

Dividend for Financial Year Ended 31 March 2018 and Postponement of AGM

On 23 May 2018, Vedanta Resources plc ("Vedanta") announced an intention to pay a final dividend of US 41 cents (US$0.41) per Ordinary Share in respect of its financial year ended 31 March 2018. Vedanta also announced that its 2018 annual general meeting (the "2018 AGM") was anticipated to be held on 13 August 2018.

As a result of the possible offer announced on 2 July 2018 by Volcan Investments Ltd ("Volcan") for the issued and to be issued share capital of Vedanta not already held by Volcan (the "Possible Offer"), Vedanta will postpone its 2018 AGM until further notice. 

In view of the postponement of the 2018 AGM, the directors have resolved that the dividend which was proposed to be approved by shareholders at the 2018 AGM will instead be made to Vedanta shareholders as an interim dividend of US 41 cents (US$0.41) for the financial year ended 31 March 2018 (the "FY2018 Dividend"). The FY2018 Dividend will be paid on 22 August 2018 to those shareholders on the Register of Members on 20 July 2018.

Shareholders may elect to receive the FY2018 Dividend in UK pounds sterling if they wish. The exchange rate to be applied to convert the dividend into UK pounds sterling will continue to be £0.7431 per US dollar, equating to a dividend of 30.47 pence per Ordinary Share. As was previously announced, this exchange rate is based on the average exchange rate for the five business days prior to the announcement of Vedanta's final results on 23 May 2018.

Shareholders wishing to receive the FY2018 Dividend in UK pounds sterling should notify Vedanta's Registrar by 23 July 2018. Vedanta's Registrar can also arrange for the FY2018 Dividend to be paid directly into the shareholders' UK bank accounts. This arrangement will only be available in respect of the FY2018 Dividend paid in UK pounds sterling.

In light of the FY2018 Dividend to be paid out to shareholders, the Board does not anticipate recommending any further dividend in respect of the financial year ended 31 March 2018.

Vedanta's Registrar is Computershare Investor Services PLC and can be contacted at The Pavilions, Bridgwater Road, Bristol BS99 6ZZ or on telephone number +44 (0) 370 707 1388.

A further update in relation to the Possible Offer will be announced in due course.

For further information, please contact:

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 and South Africa. 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. To access the Vedanta Sustainable Development Report 2017, please visit http://www.vedantaresources.com/media/214366/vedanta_sd_report_2016-17.pdf. For more information on Vedanta Resources, 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.