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Vedanta Resources (VED)

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Tuesday 10 April, 2007

Vedanta Resources

Extension of offer

Vedanta Resources PLC
10 April 2007


                                                                   10 April 2007

                             VEDANTA RESOURCES PLC
                          ANNOUNCES EXTENSION OF OFFER


Vedanta Resources plc ('Vedanta') announced today that it has further extended
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 Offer
will now expire at 5:00 p.m. (Toronto time) on April 20, 2007, unless
accelerated or further extended. The Offer has been extended in a continuing
effort to obtain regulatory approval for Vedanta's preliminary filings in the
United States to permit the extension of the Offer to Shareholders in the Unites
States. 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 April 9, 2007, a total of 77,323,490 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 84.2% 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                                   Tel: +44 20 7251 3801

Alex Pettifer

Finsbury


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 Vedanta will be successful in its efforts to secure United States
regulatory approval to permit the extension of the Offer to shareholders in the
United States. 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.


                      This information is provided by RNS
            The company news service from the London Stock Exchange