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Vedanta Resources Plc

Corporate Presentation

September 2015

Cautionary Statement and Disclaimer

The views expressed here may contain information derived from publicly available sources that have not been independently verified.

No representation or warranty is made as to the accuracy, completeness, reasonableness or reliability of this information. Any forward

looking information in this presentation including, without limitation, any tables, charts and/or graphs, has been prepared on the basis

of a number of assumptions which may prove to be incorrect. This presentation should not be relied upon as a recommendation or

forecast by Vedanta Resources plc ("Vedanta"). Past performance of Vedanta cannot be relied upon as a guide to future performance.

This presentation 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,' 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 environmental, climatic, natural, 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.

This presentation is not intended, and does not, constitute or form part of any offer, invitation or the solicitation of an offer to

purchase, otherwise acquire, subscribe for, sell or otherwise dispose of, any securities in Vedanta or any of its subsidiary undertakings

or any other invitation or inducement to engage in investment activities, nor shall this presentation (or any part of it) nor the fact of its

distribution form the basis of, or be relied on in connection with, any contract or investment decision.

2VEDANTA RESOURCES PLC – CORPORATE PRESENTATION

Management Team

VEDANTA RESOURCES PLC – CORPORATE PRESENTATION

Management team

Tarun JainDirector,

Vedanta Ltd

DD JalanChief Financial

Officer

Dilip GolaniGroup Director,

Management

Assurance and

Information

Technology

M SiddiqiGroup Director,

Projects

Roma BalwaniPresident, Group

Sustainability ,

CSR and

Communications

Rajesh

PadmanabhanPresident and

Group Chief

Human Resources

Officer

Executive Directors

Anil

AgarwalGroup Chairman

Navin

AgarwalExecutive Vice

Chairman

Tom

AlbaneseChief Executive

Officer

Mukesh BhavnaniGroup Legal Counsel

and Chief

Compliance Officer

Akhilesh JoshiPresident,

Global Zinc

Business

R Kishore

KumarChief Executive

Officer,

Iron Ore Business

Steven DinChief Executive

Officer and

Director, Konkola

Copper Mines

Abhijit PatiChief Executive

Officer,

Aluminium

Business

Mayank AsharManaging Director

and Chief

Executive Officer,

Cairn India Ltd

3

Sunil DuggalChief Executive

Officer,

Hindustan Zinc Ltd

Our History


1979

Sterlite Cables Ltd. acquires ShamsherSterling Corporation and becomes SterliteIndustries Ltd.

1986

SterliteIndustries Ltd. holds an initial public offering

1988

Sterlite Industries Ltd. commissions first privately developed copper smelter in India

1997

Sterlite Industries Ltd. acquires Copper Mines of Tasmania and Thalanga Copper Mines

1999

SterliteIndustries Ltd. acquires a 51% stake in BALCO

2001

Sterlite Industries Ltd. acquires a 26% stake in Hindustan Zinc Ltd. and a further 20% interest through an open market offer

2002

Vedanta Resources becomes the first Indian company to be listed on the London Stock Exchange

2003

Vedanta Resources acquires a 51% stake in KonkolaCopper Mines in Zambia

2004

Vedanta Resources acquires a 51% controlling stake in Sesa Goa Ltd.

2007

Vedanta Resources acquires Anglo American’s portfolio of zinc assets

2010

Vedanta Resources acquires a 58.5% controlling stake in Cairn India

2011

Merger of SterliteIndustries Ltd. and Sesa Goa to create Sesa Sterlite Ltd.

2013

Anil Agarwal acquires ShamsherSterling Corporation

2015

Sesa Sterlite Ltd. changed its name to Vedanta Ltd.

Vedanta Resources Plc announced the merger of its subsidiaries Vedanta Ltd and Cairn India Ltd.

4

Strategic Framework

5

Core Purpose Strategy PrioritiesGreater Value for

Shareholders


Vedanta is a global diversified natural resources company with low cost operations, a world class portfolio of assets and a

premium listing on the London Stock Exchange

• To deliver growth, long-term

value and sustainable

development through a

diversified portfolio of large,

long-life, low-cost assets.

• Production growth and

operational excellence, with

a focus on returns

• Reduce gearing and improve

free cash flow

• Continue to add reserves and

resources in existing

portfolio of assets to drive

long-term value

• Simplify Group structure

through consolidation

• Protect and preserve our

licence to operate

• To be a world-class,

diversified resources

company, providing superior

returns to shareholders with

high-quality assets, low-cost

operations and sustainable

development.

Group Structure

Konkola

Copper

Mines (KCM)

Vedanta

Resources Plc

Zinc India

(HZL)

Australian

Copper Mines

Vedanta Ltd

Cairn India

Sesa Goa Iron Ore

Sterlite Copper

Power

Aluminium

Divisions of Vedanta Ltd

Talwandi

Sabo

Power

(1,980 MW)

MALCO

Power

(100 MW)

Skorpion &

Lisheen -100%

BMM -74%

Bharat

Aluminium

(BALCO)

Western Cluster

(Liberia)

Note: Shareholding based on basic shares outstanding as of 30 June 2015.

VEDANTA RESOURCES PLC – CORPORATE PRESENTATION 6

79.4% 62.9%

51% 100%64.9%59.9%

option to increase

stake to 94.4%

Subsidiaries of Vedanta Ltd

100% 100% 100%100%

option to increase

stake to 100%

On 14 June 2015, Vedanta Resources plc announced a merger between Vedanta Limited and Cairn India Limited as part of the Group’s structure simplification process. This above structure reflects group structure before the merger. The merger is expected to close in the first quarter of 2016 and post the merger Vedanta Resources plc will own a 50.1% stake in Vedanta Limited. For further details on this please refer to our website www.vedantaresources.com

http://www.vedantaresources.com/

Global Footprint


23. Lisheen mine, Ireland

24. Mt Lyell mine, Australia

23

25. Iron Ore project, Liberia

26. Konkola and Nchanga copper mines & Nchanga smelter, Zambia

27. Konkola and Nchanga copper mines & Nchanga smelter, Zambia

28. Skorpion mine, Namibia

29. Black Mountain mine, South Africa

30. South Africa Block 1

25

27

28

30

24

7

61%10%

9%

5%

9%

2%1% 3%

Revenue by Geography, FY 2015

India

China

Middle East

Europe

Far East others

Africa

Asia others

Others

10 10

11

19

17

13

1313

12

14

14

6

15

15

5

1

43

2

20

20

8

9

7

21

18

16

22Zinc-Lead-Sliver

Oil & Gas

Iron Ore

Copper

Aluminium

Power

Projects under

development/commissioning

Captive thermal power plant

1. Debari smelter

2. Chanderiya smelters

3. Rampura Agucha mine

4. Rajpura Dariba mine & smelters

and Sindesar Khurd mine

5. Zawar mine

6. Talwandi Sabo power project

7. Silvassa refinery

8. Iron ore operations – Goa

9. Iron ore operations – Karnataka

10. Tuticorin smelter

11. MALCO power plant

12. Lanjigarh alumina refinery

13. Jharsuguda smelters & power plants

14. Korba smelters & power plants

15. Rajasthan block

16. Ravva (PKGM-1) block

17. KG-ONN-2003/1 block

18. KG-OSN-2009/3 block

19. PR-OSN-2004/1 block

20. Cambay (CB/052) block

21. MB-DWN-2009/1 block

22. SL 2007-01-001 block

26

29

Diversified and Low-cost Asset Portfolio

Competitive Position on Global Cost Curve

39%

37%

11%

4%

7%1%

Oil & Gas

Zinc

Aluminium

Power

Copper

Iron Ore

Diversified mix of business – share of EBITDA in FY2015


I II III IV

Zinc

Intl.Oil & Gas

Zinc

India

Aluminium

Jharsuguda

Size of circle denotes

EBITDA contribution

Iron Ore Aluminium

BALCO

Copper Zambia

Oil & Gas

Well Invested Assets Driving Near-Term Growth

0

500

1,000

1,500

2,000

2,500

3,000

FY04 FY05 FY06 FY07 FY08 FY09 FY10 FY11 FY12PF² FY13 FY14 FY15 Near

Term

Cop

per

E

qu

ivale

nt

Pro

du

ctio

n (

kt)

Zinc-Lead Silver Copper Aluminium Power Iron Ore Oil & Gas

Total Production (copper equivalent kt)

Notes:

1. All commodity and power capacities rebased to copper equivalent capacity (defined as production x commodity price / copper price) using average commodity prices for FY2015. Power rebased using FY2015 realisations, copper custom smelting capacities

rebased at TC/RC for FY2015, iron ore volumes refers to sales with prices rebased at average 56/58% FOB prices for FY2015

2. PF refers to proforma for Cairn India acquisition

+66%

Near Term


Ramp up of world-class aluminium smelters at Korba

and Jharsuguda; record full year aluminium and

alumina production

Record zinc and lead production at Zinc India

Record production at Copper India and improving

production at Copper Zambia

Positive free cash flow at the oil & gas business in a

falling crude environment

Iron ore mining at Karnataka resumed in February 2015

and mining at Goa to recommence post monsoons

Operational

Corporate

Refreshed brand and logo signifying commitment to

the triple bottom line approach of people, planet and

prosperity

Announced merger of Cairn India with Vedanta

Limited to simplify the Group structure


FY2015 Highlights

FY2015 Highlights (contd.)

Strong underlying results from diversified portfolio in a volatile commodity price environment

Revenue of US$12.9 billion and EBITDA of US$3.7

billion

Adjusted EBITDA margin of 38%

Underlying EPS of (14.2) US cents (FY2014: 14.7

US cents)

Free cash flow (after growth capex) of US$1.0 billion

(FY2014 US$1.3 billion)

Gross debt of US$16.7 billion in FY 2015 (FY2014:

US$16.9 billion)

Full year dividend of 63 US cents per share, up 3%

from 2014

Tax payments of US$4.6 billion made to exchequers

in FY2015


Financial

11

Focus on Safety – Key to Operational Excellence

82,000Employees worldwide

756,643Hours of safety training

delivered to employees and

contractors in the past year

0.46Lost time injury frequency rate,

down 14.8% from 0.54 in

2013/14

8Fatalities – down by 69% since

2011 with a lot remaining to be

done


Making a Positive Contribution

4mBeneficiaries in FY 2015

$42m invested in community development

in FY 2015

Sustainability Highlights

Held first Sustainable Development Day in July

Signed the pledge for access to safe Water, Sanitation and Hygiene (WASH) in the

workplace

88% of Vedanta sites are now certified to the ISO 14001 environmental standard

Turning waste into business opportunities – fly ash at Lanjigarh and smelter waste at

Tuticorin

4,600 village meetings during the year

Helped 15,000 women in India to set up small-scale businesses

Provided 4,000 young people with technical training or work placements

Continuing to contribute towards the Millennium Development Goals

Released first Tax Transparency Report (TTR) based on EITI guidelines


The Way Forward – Creating a Zero Harm Organisation

Diversity

• 25% female representation

at Vedanta Board level by

2015

• 15% female hires at fresher

and lateral level

Health & Safety

• Zero fatalities

• Further reduce LTIFR in

line with ICMM guidelines

• Implement safety

performance standards

Environment

• Water savings – 2.39 MCM

• Energy savings – 0.88

MCM

• Increase use of fly ash

• Promote Centre of

Excellence

Training and development

• Intensify training

programme

Global governance

standards

• Pursue membership of

ICMM

Human rights

• Close all gaps related to UN

convention on human rights


Future Focus – Strategic Priorities

Production Growth

across the portfolio with a focus on returns

Reduce gearing

from increasing free cash flows

Continue to add R&R

in our existing portfolio of assets to drive long-term value

Simplify the Group structure

complete Vedanta Ltd - Cairn India merger

Protect and preserve our License to Operate

achieve zero harm culture

Deliver positive free cash flow in a volatile commodity environment


Contacts

UK Office India Office

Vedanta Resources Plc - Head Office

16 Berkeley Street

London, W1J 8DZ

United Kingdom

Phone: +44 020 7499 5900

Vedanta Resources Plc - Mumbai

Vedanta House 75 Nehru Road, Vile Parle East

Mumbai, Maharashtra, 400099

India

Phone: +91 22 6646 1000

Group Communications

Roma Balwani

President – Sustainability, CSR and Communications

Tel: +91 22 6646 1000

[email protected]

Investor Relations

Ashwin Bajaj

Director – Investor Relations

Tel: +91 22 6646 1531

[email protected]