Vedanta Resources plc

Vedanta Resources plc

April 10, 2007 07:30 ET

Vedanta Resources plc Announces Extension of Offer

LONDON, UNITED KINGDOM--(CCNMatthews - April 10, 2007) - Vedanta Resources plc ("Vedanta") announced today that it has further extended its previously announced offer (the "Offer"), made through its wholly-owned subsidiary Twin Star International Limited ("TSI"), for all of the outstanding common shares of Sterlite Gold Ltd. (TSX:SGD) ("Sterlite Gold") not already owned by TSI and its affiliates, excluding those common shares held by United States shareholders, on the basis of C$0.258 in cash per common share. The Offer will now expire at 5:00 p.m. (Toronto time) on April 20, 2007, unless accelerated or further extended. The Offer has been extended in a continuing effort to obtain regulatory approval for Vedanta's preliminary filings in the United States to permit the extension of the Offer to Shareholders in the Unites States. Subject to applicable securities laws, any common shares validly deposited to the Offer must be taken up and paid for within ten days of the deposit of such common shares. Sterlite Gold shareholders are encouraged to tender their remaining common shares to the Offer as soon as possible to receive prompt payment.

As of April 9, 2007, a total of 77,323,490 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).

Sterlite Gold shareholders are advised to read the Notice of Extension, the Offer to Purchase and Circular, the Directors' Circular and related documents, filed with the Canadian securities regulatory authorities, as they contain important information. Shareholders may obtain a copy of the materials at SEDAR from www.sedar.com.

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 www.vedantaresources.com.

Disclaimer

The Offer is not being, 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, including that Vedanta will be successful in its efforts to secure United States regulatory approval to permit the extension of the Offer to shareholders in the United States. 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.

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