Business Wire

Vedanta Resources plc Announces Expiration and Results of its Cash Tender Offers for Any and All of its US$ 774,772,000 6.00% Bonds due 2019 and US$ 900,000,000 8.25% Bonds due 2021

Jaa

Vedanta Resources plc (the “Company” or “Vedanta”) (LSE: VED) today announced the expiration and results of its previously announced tender offers to purchase for cash (the “Tender Offers”) any and all of its outstanding US$ 774,772,000 6.00% Bonds due 2019, CUSIP: G9328D AH3, ISIN: USG9328DAH38 (Regulation S); CUSIP: 92241T AH5, ISIN: US92241TAH59 (Rule 144A) (the “2019 Bonds”) and US$ 900,000,000 8.25% Bonds due 2021, CUSIP: G9328D AG5, ISIN: USG9328DAG54 (Regulation S); CUSIP: 92241T AG7, ISIN: US92241TAG76 (Rule 144A) (the “2021 Bonds” and, together with the 2019 Bonds, the “Bonds”). The Tender Offers expired at 8:00 a.m. New York time, on 3 August 2017 (the “Expiration Time”). At the Expiration Time, valid tenders had been received with respect to US$522,513,000 of the 2019 Bonds and US$229,843,000 of the 2021 Bonds. None of the 2019 Bonds or the 2021 Bonds were tendered pursuant to the guaranteed delivery procedures described in the tender offer memorandum in respect of the Tender Offers dated 27 July 2017 (the “Tender Offer Memorandum”).

The Company has accepted for payment all of the Bonds validly tendered prior to the Expiration Time pursuant to the Tender Offers. On 9 August 2017, such tendering bondholders will receive the purchase price in the amount of US$ 1,053.75 per US$ 1,000 principal amount of 2019 Bonds tendered and accepted for purchase and US$ 1,117.50 per US$ 1,000 principal amount of 2021 Bonds tendered and accepted for purchase, plus accrued and unpaid interest to, but not including, the payment date.

The Company will arrange for cancellation of all Bonds validly tendered and accepted for purchase following purchase by the Company, and any Bonds not validly tendered will remain outstanding and accrue interest in accordance with their terms. Following the cancellation of validly tendered Bonds, US$252,259,000 of the 2019 Bonds and US$670,157,000 of the 2021 Bonds will remain outstanding.

About Vedanta Resources plc:

Vedanta Resources plc is an LSE-listed, globally diversified natural resources company with interests in Zinc, Lead, Silver, Oil & Gas, Aluminium, Copper, Iron Ore, and Power. Vedanta’s world class assets located primarily in India and Africa generated US$11.5 billion of revenue, US$3.2 billion of EBITDA and US$1.5 billion of free cash flow in fiscal year 2017.

Vedanta’s key strengths include its large, low cost and diversified asset base with an attractive commodity mix, market-leading positioning to capitalize on India’s growth and natural resource potential, well-invested assets driving a strong financial profile and cash flow growth, as well as a highly-experienced management team with a proven track record.

With an empowered talent pool globally, Vedanta places strong emphasis on partnering with all its stakeholders based on the core values of trust, sustainability, growth, entrepreneurship, integrity, respect and care. To access the Vedanta Sustainable Development Report 2017, please visit http://www.vedantaresources.com/media/214366/vedanta_sd_report_2016-17.pdf. For more information on Vedanta, please visit www.vedantaresources.com.

Cautionary Statement Concerning Forward-Looking Statements:

Certain statements in this press release are forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and are subject to the safe harbor created thereby. Actual results may differ materially from these statements. The words “expect,” “anticipate,” “project,” “believe” and similar expressions identify forward-looking statements. Although the Company believes that the expectations reflected in its forward-looking statements are reasonable, it can give no assurance that such expectations will prove to be correct. In addition, estimates of future operating results are based on the Company’s current complement of businesses, which is subject to change. For the Company, uncertainties arise from 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. These uncertainties may cause the Company’s actual future results to be materially different that those expressed in these forward-looking statements. Statements in this press release speak only as of the date of this press release, and the Company disclaims any responsibility to update or revise such statements.

DISCLAIMER

United Kingdom

The communication of this announcement, the Tender Offer Memorandum and any other documents or materials relating to the Tender Offers are not being made, and such documents and/or materials have not been approved, by an authorised person for the purposes of section 21 of the Financial Services and Markets Act 2000 (the “FSMA”). Accordingly, such documents and/or materials are not being distributed to, and must not be passed on to, the general public in the United Kingdom. The communication of such documents and/or materials is exempt from the restriction on financial promotions under section 21 of the FSMA on the basis that it is only directed at and may be communicated to (i) persons who are existing members or creditors of the Company or other persons within the meaning of Article 43 of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the “Order”); (ii) persons who fall within Article 49 of the Order (“high net worth companies, unincorporated associations etc.”); or (iii) any other persons to whom these documents and/or materials may lawfully be communicated. Any investment or investment activity to which this announcement or the Tender Offer Memorandum relate is available only to such persons or will be engaged only with such persons and other persons should not rely on it.

General

This announcement, the Tender Offer Memorandum and any related documents do not constitute an offer to buy or the solicitation of an offer to sell securities in any circumstances or jurisdictions in which such offer or solicitation is unlawful.

This announcement should not be considered as an advertisement, invitation, offer, sale or solicitation of an offer to subscribe for or purchase any securities, whether by way of private placement or to the public in India.

Contact information

Investor and Media:
Communications
Zarin Amrolia
Manager, Group Communications
Tel: +91 22 6646 1000
gc@vedanta.co.in
or
Finsbury
Daniela Fleischmann
Tel: +44 20 7251 3801
or
Investors
Ashwin Bajaj
Director – Investor Relations
or
Sunila Martis
Associate General Manager – Investor Relations
or
Veena Sankaran
Manager – Investor Relations
Tel: +44 20 7659 4732
Tel: +91 22 6646 1531
ir@vedanta.co.in

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