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Vedanta Resources (VED)

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Wednesday 10 January, 2007

Vedanta Resources

Extension of Offer

Vedanta Resources PLC
10 January 2007




Vedanta Resources plc
10 January 2007


                        VEDANTA RESOURCES PLC ANNOUNCES
                        VARIATION AND EXTENSION OF OFFER


Vedanta Resources plc ('Vedanta') announced today that it has varied 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 time
during which the Offer may be accepted has been extended and the Offer, as
varied, will now expire at 5:00 p.m. (Toronto time) on April 9, 2007, unless
accelerated or further extended. The Offer has been varied to provide Vedanta
with greater flexibility and to allow time for, among other things, remaining
Sterlite Gold shareholders to tender their common shares to the Offer, the
completion of the review by the U.S. Securities and Exchange Commission (the
'SEC') of the materials filed with the SEC by Vedanta in connection with the
proposal to extend the Offer to Shareholders in the Unites States and the
satisfaction of certain applicable United States regulatory requirements in
order to permit Vedanta to extend the Offer to Sterlite Gold shareholders in the
United States. A notice of extension will promptly be mailed to those Sterlite
Gold shareholders to whom the Offer to Purchase and Circular was originally
sent. 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 January 9, 2007, a total of 76,096,734 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 83.7% 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.


Further information regarding Vedanta Resources plc or Twin Star International
Limited can be obtained by contacting:

Sumanth Cidambi                         sumanth.cidambi@vedanta.co.in
Associate Director - Investor Relations Tel: +44 20 7659 4732 / +91 22 6646 1531
Vedanta Resources plc

Faeth Birch                             
Robin Walker
Finsbury                                Tel: +44 20 7251 3801

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 the Offer will be made to United States shareholders. 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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