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Vedanta Resources (VED)

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Thursday 18 December, 2003

Vedanta Resources

Sterlite Rights Issue

Vedanta Resources PLC
18 December 2003

18 December, 2003


                              Vedanta Resources plc

               Sterlite Industries (India) Limited - Rights Issue


Vedanta Resources plc is pleased to announce that Sterlite Industries (India)
Limited, an Indian listed subsidiary company, has today informed the Bombay
Stock Exchange (as required by local listing requirements) that a Board meeting
has been convened for Wednesday 24 December 2003 to consider the issue of new
Sterlite shares by way of a rights issue.

Vedanta will fully support the issue of new Sterlite shares.  This development
will advance Vedanta's stated strategy of applying the proceeds of the London
listing to fund its US$2 billion investment programme and of releasing the value
contained in the current group ownership structure.



                                   -  ends  -



For further information contact:


Peter Sydney Smith                                   Tel:  +44 207 629 6070
Finance Director
Vedanta Resources plc

Andrew Lorenz                                        Tel:  44 207 831 3113
Financial Dynamics

Jon Simmons                                          Tel:  +44 207 831 3113
Financial Dynamics




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