Sesa acquires remaining 49% stake in WCL, Liberia

21 December 2012

Vedanta Resources plc

Sesa acquires remaining 49% Stake in Western Cluster Limited, Liberia

Vedanta Resources plc's subsidiary, Sesa Goa Limited issued the following release today.

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21 December 2012

Sesa Goa Limited

Sesa acquires remaining 49% Stake in Western Cluster Limited, Liberia

Goa, 20 December 2012: Sesa Goa Limited ("Sesa" or the "Company") announces that it has acquired the remaining 49% of the outstanding common shares of Western Cluster Limited ("WCL") from Elenilto Minerals & Mining LLC, Delaware, for a cash consideration of US$33.5 million. Post this transaction, Sesa's shareholding in WCL increases to 100%.

WCL is a logical and strategic fit with Sesa's existing iron ore business and is expected to create significant long term value for all stakeholders. At WCL, exploration activities are progressing well, with over 42,000 meters of drilling completed till 30 November 2012. The project is on track for first shipment in FY2014.

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About Vedanta Resources plc

Vedanta Resources plc ("Vedanta") is a London listed FTSE 100 diversified global natural resources major. 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 entrepreneurship, excellence, trust, inclusiveness and growth. For more information, 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.