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Vedanta Resources (VED)

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Thursday 11 December, 2003

Vedanta Resources

Interests in Shares

Vedanta Resources PLC
11 December 2003

11 December 2003

                             VEDANTA RESOURCES PLC

                                   SCHEDULE 10

                   NOTIFICATION OF MAJOR INTERESTS IN SHARES



1. Name of company

Vedanta Resources plc

2. Name of shareholder having a major interest

Dwarka Prasad Agarwal

3. Please state whether notification indicates that it is in
respect of holding of the shareholder named in 2 above or in respect of a non-
beneficial interest or in the case of an individual holder if it is a holding of
that person's spouse or children under the age of 18 or in respect of a non-
beneficial interest.

In respect of Dwarka Prasad Agarwal by virtue of his interest in shares in
Vedanta Resources plc and his attributed interest in shares in Volcan
Investments Limited

4. Name of the registered holder(s) and, if more than one
holder, the number of shares held by each of them

Volcan Investments Limited

5. Number of shares/amount of stock acquired

156,000,000

6. Percentage of issued class

54.55%

7. Number of shares/amount of stock disposed

1,842,089

8. Percentage of issued class

0.64%

9. Class of security

Ordinary shares of US$0.10 each

10. Date of transaction

10 December 2003

11. Date company informed

10 December 2003

12. Total holding following this notification

154,157,911

13. Total percentage holding of issued class following this notification

53.90%

14. Any additional information

On 10 December 2003, 156,000,000 ordinary shares of US$0.10 each were issued to
Volcan Investments Limited in exchange for the transfer of the entire issued
share capital of Twin Star Holdings Limited. Volcan Investments Limited then
transferred 1,842,089 of those shares to Brian Patrick Gilbertson (and his
nominee) at nil-cost.

As at 10 December 2003, pursuant to a redesignation of 50,000 ordinary shares of
£1 each as 50,000 deferred shares of £1 each, Dwarka Prasad Agarwal no longer
had a notifiable interest in 50,000 ordinary shares of £1 each comprised in the
relevant share capital, as defined in section 198(2) of the Companies Act 1985,
of Vedanta Resources plc.

15. Name of contact and telephone number for queries

Andrew Woolley - 020 7629 6070

16. Name and signature of authorised company official
responsible for making this notification

Andrew Woolley, Company Secretary



Date of Notification: 11 December 2003


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