Section 430 (2B) of the Companies Act 2006

Vedanta Resources Plc

Companies Act Section 430 (2B) Statement

Mr Tom Albanese will cease to be an Executive Director and the Chief Executive Officer for Vedanta Resources Plc ("the Company") on 31 August 2017.

Following the closure of his extended contract of employment with the Company, Mr Albanese will step down as an Executive Director and the Chief Executive Officer on 31 August 2017. In accordance with section 430 (2B) of the Companies Act 2006, the following arrangements will apply in respect of Tom's remuneration upon leaving:

1. All payments are in in line with the Company's stated Remuneration Policy as published in the Annual Report and Accounts FY2017 and approved by the shareholders at the 2017 AGM.

2. Tom will remain an employee of the company until the closure of his contract of employment on 31 August 2017.

3. Tom will receive his salary, benefits and pension allowance as usual until the date he leaves the company. Upon closure of contract, he shall also be eligible for payment on account of any accrued but un-availed leave balance for the year as per the terms of his contract of employment.

4. Tom will receive a prorated bonus in respect of FY 2017-18 as per the scheme to reflect his time employed during the financial year, subject to achievement of performance conditions disclosed in the Directors' Remuneration Report, as part of the Annual Report and Accounts FY2017. Any Bonus will be paid post completion of the financial year.

5. The Remuneration Committee used its discretion and has determined him to be a 'Good Leaver' under the various share based payment schemes and all shares under the plan will become available for sale or transfer as per the rules of the respective plans. As a 'Good Leaver', Tom shall be eligible for awards under the following schemes:

a. Deferred Share Bonus Plan ("DSBP"): Tom will receive all unvested awards in full on closure of his contract of employment. These awards shall vest and become available to Tom as per their respective original vesting dates.

b. Performance Share Plan ("PSP"):

i. The testing of the performance conditions under the PSP 2014 scheme has been concluded and it entails a 60% pay-out to the Executive Directors. Awards under PSP 2014 have vested in full and Tom is able to exercise this award upon the closure of his contract of employment

ii. Awards made to Tom under the Vedanta Resources PSP Scheme for 2015 and 2016 will become due to him on the closure of his contract of employment, with testing of the relevant performance conditions at the original vesting dates. All unvested awards will be reduced to reflect the proportion of each performance year completed as at 31 August 2017.

6. The Remuneration Committee may exercise its discretion in deciding whether or not to allow any of Tom's awards to vest at earlier dates and to disapply (in Tom's favour) time pro-rating.

7. Whether or not Tom will receive a grant of awards under the PSP 2017 scheme will be determined by the Remuneration Committee, on terms approved by the Remuneration Committee and the shareholders but being no less favourable than those applied to other Executive directors of the Company.

8. As per the terms of his employment contract the Company will indemnify Tom in respect of any Double Taxation (Definition as per the terms of the Contract of Employment) and any penalties or interest arising therefrom on the payments already made / yet to be made to him.

9. The Company will use a reputable firm to advise Tom on Indian tax issues, including preparation of Indian tax returns and filing requirements in respective of any remuneration and benefit paid to him during his period of association as Executive Director and Chief Executive Officer of the Company.

For further information please contact: Deepak Kumar, Company Secretary

0207 499 5900