Merger of

Presented By Jerry DmelloWarren DiasLinus Pereira

Staynel Rodrigues

Nod For Sesa Goa And Sterlite Merger

• Sterlite shareholders will get three shares of Sesa Goa for every five shares held according to the swap ratio.

• Cairn India, Hindustan Zinc, Balco, Vedanta Aluminum, Madras Aluminum, Talwandi Sabo Power and Australian Copper Mines will become subsidiaries of Sesa Sterlite after the restructuring.

• Only Konkola copper mines of Zambia would stay out of the restructuring.

Cont………

• The merger will lead to Vedanta’s debt burden falling by about 61% to $3.8 billion (Rs 21,850 crores).

Its debt service liability will also come down to $180 million (Rs 1,035 crores) from the current $500 million (Rs 2,875 crores).

Earning Break Up

Long term future prospects

Sesa Sterlite – Delivering for India

Contributing to India's energy security 20% of India's domestic crude oil production

Fuelling India's growth story by providing access to metals domestically

80% of India's market share by sales volume for zinc

40% of India's aluminum, copper and lead consumption

One of the largest private sector contributors to the exchequer

Tax contribution to exchequer of c.INR 11,500 Crores ($2.5bn) in FY 2011 – 1.5% of country's total collection

Contributed 1.7% to country's total income tax collection

Raised c.INR 62,500 Crores ($12.5bn) capital overseas for investment in India

Environmental and social responsibility

Green energy: 273 MW wind power capacity (INR 1,500 Crores invested)

Educational, healthcare and community programmers covering 2.7m people across 548 villages

Earnings Accretive for Sesa Goa

Scale - Expected to be 7th largest diversified natural resources major globally.

Diversification - Reduces volatility of earnings while giving Sesa Goa exposure to world class assets and growth across different commodities.

Synergies - Share in up to c.INR 1,000 Crores p.a. of expected synergies.

Financial Strength - Strong balance sheet and lower cost of capital to deliver superior growth and returns

Accretive - Expected to be an earnings accretive transaction

Earnings Accretive for Sterlite

Scale - Expected to be 7thlargest

diversified natural resources major globally.

Diversification - Diversifies Sterlite, gaining

exposure to world class iron ore and oil and gas assets.

Synergies - Share in up to c.INR 1,000 Crores

($200m) p.a. of expected synergies

Financial Strength - Strong balance sheet and lower cost of capital to deliver superior

growth and returns

Accretive - Expected to be an earnings accretive transaction

Merger Impact On Stock Of Sesa Goa

Merger Impact On Stock Of Sterlite

Debt structure

• Jerry made your part here of sesa goa and sterlite industries debt structure put graphs and read info

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Transaction Approvals Indian regulatory

BSE and NSE

Competition Commission of India

High Courts in India and Supreme Court of Mauritius for interconditional scheme of arrangement

sesa Goa, Sterlite, VAL, MALCO and SEL shareholder approvals

The transfer of Vedanta's interest will require approval

from the Foreign Investment Promotion Board in India

UK regulatory

Vedanta shareholders as class 1 transaction under the UK Listing Rules