Convertible Bond Buy Back Announcement

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO THE UNITED STATES OF AMERICA, ITS TERRITORIES AND POSSESSIONS (INCLUDING PUERTO RICO, THE U.S. VIRGIN ISLANDS, GUAM, AMERICAN SAMOA, WAKE ISLAND AND THE NORTHERN MARIANA ISLANDS), ANY STATE OF THE UNITED STATES, AND THE DISTRICT OF COLUMBIA (THE "UNITED STATES") OR TO ANY U.S. PERSON (AS DEFINED IN REGULATION S UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (EACH A "U.S. PERSON")) OR TO ANY PERSON LOCATED OR RESIDENT IN ANY OTHER JURISDICTION WHERE IT IS UNLAWFUL TO DISTRIBUTE THIS ANNOUNCEMENT. OTHER RESTRICTIONS APPLY (SEE "DISTRIBUTION RESTRICTIONS" BELOW).

4 May 2016

Vedanta Resources plc

Convertible Bond Buy Back Announcement

Further to its announcement on 31 March 2016, Vedanta Resources plc (the "Company") today announces, that as at 3 May 2016 it had repurchased US$ 66,600,000 in aggregate principal amount of the US$ 582.2 million outstanding principal amount of the 5.50 per cent. Guaranteed Convertible Bonds due 2016 of Vedanta Resources Jersey Limited (the "Issuer") (the "Convertible Bonds") pursuant to the buyback programme to repurchase these bonds. This notification is in order to comply with LR 12.5.2 on purchase of 5% in aggregate of the initial amount at issue.

Following this purchase and earlier redemptions and conversions, US$ 515,600,000 of the Convertible Bonds remain outstanding.

The purchased Convertible Bonds will either be surrendered by the Company to the Issuer for cancellation or be held until their maturity date.

Enquiries 

Distribution Restrictions

THIS ANNOUNCEMENT IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO THE UNITED STATES OR IN ANY OTHER JURISDICTION WHERE IT IS UNLAWFUL TO DO SO.

United States

The buyback programme in respect of the Convertible Bonds (the "Buyback Programme") is not being made available and will not be made available, directly or indirectly, in or into, or by use of the mails of, or by any means or instrumentality of interstate or foreign commerce of, or of any facilities of a national securities exchange of, the United States or to, or for the account of benefit of, any U.S. person (as defined in Regulation S under the United States Securities Act of 1933, as amended (each a "U.S. Person")). This includes, but is not limited to, facsimile transmission, electronic mail, telex, telephone, the internet and other forms of electronic communication. Accordingly, copies of this announcement and any other documents or materials relating to the Buyback Programme are not being, and must not be, directly or indirectly, mailed or otherwise transmitted, distributed or forwarded (including, without limitation, by custodians, nominees or trustees) in or into the United States or to, or for the account of benefit of, a U.S. Person and the Convertible Bonds cannot be acquired in the Buyback Programme by any such use, means, instrumentality or facility or from or within or by persons located or resident in the United States or by any U.S. Person or any person acting for the account or benefit of a U.S. Person. Any purported acquisition of Convertible Bonds in the Buyback Programme resulting directly or indirectly from a violation of these restrictions will be invalid and any purported sale of Convertible Bonds made by a person located in the United States, a U.S. Person, by any person acting for the account or benefit of a U.S. Person, or by any agent, fiduciary or other intermediary acting on a non-discretionary basis for a principal giving instructions from within the United States will be invalid and will not be accepted.

Each holder of Convertible Bonds participating in the Buyback Programme will be deemed to represent that it is not a U.S. Person, is not located in the United States and is not participating in the Buyback Programme from the United States, or it is not located in the United States and it is acting on a non- discretionary basis for a principal located outside the United States that is not giving an order to participate in the Buyback Programme from the United States and who is not a U.S. Person.

General

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