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Vedanta Resources (VED)

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Friday 25 August, 2006

Vedanta Resources

SGL Offer Document Posted

Vedanta Resources PLC
25 August 2006

                                                                  25 August 2006


Vedanta Resources plc ('Vedanta') announced today that it is mailing its
take-over bid circular and offer to purchase to Sterlite Gold Ltd. shareholders.
The offer to purchase is being made through Vedanta's wholly-owned subsidiary
Twin Star International Limited ('TSI'), and is being made for all of the
outstanding common shares of Sterlite Gold Ltd. (TSX:SGD) ('Sterlite Gold') not
already owned by TSI at an offer price of C$0.258 in cash per common share (the
'Sterlite Gold Offer'). The Sterlite Gold directors' circular, which is being
mailed with Vedanta's offer to purchase, contains the unanimous recommendation
of the Sterlite Gold board of directors that shareholders accept the Sterlite
Gold Offer and tender their common shares to the Sterlite Gold Offer.

The Sterlite Gold Offer is open for acceptance until 5:00 p.m. (Toronto time) on
30 September 2006, unless withdrawn or extended, and is subject to certain
conditions as set out in the offer to purchase.

At present, the offer to purchase has not been mailed to the relatively small
proportion of Sterlite Gold shareholders resident in the United States. It is
Vedanta's intention to include U.S. resident shareholders in the Sterlite Gold
Offer subject to securing all required regulatory approvals. Vedanta does not
wish to delay making the Sterlite Gold Offer and preventing the substantial
majority of Sterlite Gold shareholders resident outside the United States from
considering and tendering to the Sterlite Gold Offer. Assuming that all
necessary U.S. regulatory approvals are obtained, it is anticipated that the
offer to purchase together with such additional information as is required under
U.S. securities laws to permit the Sterlite Gold Offer to be made in the United
States, will be mailed to U.S. shareholders as soon as practicable.

Vedanta originally announced its intention to make the Sterlite Gold Offer on
June 13, 2006 and as part of this transaction, Vedanta entered into an agreement
pursuant to which it has acquired, through its wholly-owned subsidiary Welter
Trading Limited ('Welter'), the entire issued share capital of TSI, the holder
of 146,039,658 common shares of Sterlite Gold representing 55.0% of Sterlite
Gold's issued and outstanding common shares, for C$37.68 million in cash prior
to which neither Vedanta nor Welter owned or controlled any common shares of
Sterlite Gold.

Sterlite Gold shareholders are advised to read Vedanta's offer to purchase and
circular, the directors' circular and related documents which have been filed
with the Canadian securities regulatory authorities as they contain important
information. Shareholders may obtain a copy of the material (when available) on

Further information regarding Vedanta Resources plc or Welter Trading Limited,
including a copy of the early warning report to be filed with the Canadian
securities regulatory authorities on SEDAR at, can be obtained by

Sumanth Cidambi                          [email protected]
Associate Director - Investor Relations  Tel: +44 20 7659 4732 / +91 22 6646 1531
Vedanta Resources plc

Faeth Birch
Alex Pettifer
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


The Sterlite Gold 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 Sterlite Gold 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 Sterlite Gold 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.

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

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