Vedanta Resources plc

Vedanta Resources plc

April 23, 2007 08:08 ET

Vedanta Resources plc Announces Completion of Offer

LONDON, UNITED KINGDOM--(CCNMatthews - April 23, 2007) - Vedanta Resources plc ("Vedanta") announced today that its offer (the "Offer") for all of the outstanding common shares of Sterlite Gold Ltd. (TSX:SGD) ("Sterlite Gold"), other than those held by U.S residents, made through its wholly-owned subsidiary Twin Star International Limited ("TSI") and periodically extended since the original expiry date of September 30, 2006, has now been completed. The Offer expired in accordance with its terms at 5:00 p.m. (Toronto time) on Friday, April 20, 2007. As all approvals for Vedanta's preliminary U.S. filings had not been received at the time of expiry of the Offer, the Offer will not be extended into the United States.

As of April 20, 2007, a total of 77,377,373 common shares of Sterlite Gold had been taken up under the Offer, representing, together with common shares already owned by TSI at the commencement of the Offer, approximately 84.2% of the outstanding common shares of Sterlite Gold (on a fully-diluted basis).

About Vedanta Resources plc

Vedanta Resources plc is a FTSE 100 diversified metals and mining group. Its principal operations are located throughout India, with further operations in Zambia and Australia. The major metals produced are aluminium, copper, zinc and lead. For further information, please visit


The Offer has not been, and will not be, made in any jurisdiction where not permitted by law. This communication shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be, any sale of securities in any jurisdiction in which the Offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.

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." This information is based upon certain material factors and assumptions that were applied in drawing a conclusion or making a forecast or projection as reflected in the forward-looking statements. Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results relating to, among other things, our financial condition and prospects, could differ materially from those currently anticipated in such statements by reason of factors such as 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. This list is not exhaustive of the factors that may affect any of our forward-looking statements contained in this release. These and other factors should be considered carefully and readers should not place undue reliance on our forward-looking statements. We do not undertake to update our forward-looking statements.

Contact Information