All-Share Merger of Sesa Goa and Sterlite Industries Becomes Effective

  All-Share Merger of Sesa Goa and Sterlite Industries Becomes Effective

Business Wire

TUTICORIN, India -- August 17, 2013

Sesa Goa Limited (‘Sesa Goa’) and Sterlite Industries (India) Ltd (‘Sterlite’)
today announced that merger of Sterlite and The Madras Aluminium Company
Limited (MALCO) with Sesa Goa and transfer of MALCO power plant to Vedanta
Aluminium Limited (VAL) pursuant to the Scheme of amalgamation and arrangement
amongst Sterlite, MALCO, Sterlite Energy Limited (SEL), VAL and Sesa Goa and
their respective Shareholders and Creditors (‘Composite Scheme’) and the
Scheme of Amalgamation of Ekaterina Limited (Ekaterina) with Sesa Goa and
their respective Shareholders and Creditors (‘Ekaterina Scheme’) has become
effective.

28 August, 2013 has been fixed as the Record date for determining the list of
the shareholders of Sterlite, MALCO and Ekaterina to whom the equity shares of
the Sesa Goa will be allotted as per terms of the scheme as already announced
on 25 February 2012 in the following manner:

To the Shareholders of Sterlite:

Every equity shareholder of Sterlite holding 5 (five) equity shares in
Sterlite of Re. 1 each fully paid up (‘Sterlite Shares’) as of the Record Date
shall be entitled to be issued 3 (three) shares of face value Re. 1 each, at
par, credited as fully paid up, of the Sesa Goa (‘Sesa Goa Shares’).

To the ADS holders of Sterlite:

Every holder of Sterlite ADSs (each representing 4 (four) Sterlite shares)
holding 5 (five) Sterlite ADSs shall be entitled to receive 3 (three) Sesa Goa
ADSs (each representing 4 (four) Sesa Goa shares).

To the Shareholders of MALCO:

Every equity shareholder of MALCO holding 10 (ten) equity shares in MALCO of
Rs. 2 each fully paid up as of the Record Date shall be entitled to be issued
7 (seven) equity shares of face value Re. 1 each, at par, credited as fully
paid up, of the Sesa Goa.

To the Shareholders of Ekaterina:

Every equity shareholder of the Ekaterina Limited holding 25 (Twenty Five)
equity shares in Ekaterina Limited of USD 0.1 each fully paid up as of the
Record Date shall be entitled to be issued 1 (One) equity share of the face
value of Re. 1 each, at par, credited as fully paid-up, of the Sesa Goa.

Treatment of fractional entitlements:

All fractional entitlements (cumulatively) of individual shareholders will be
allotted to one of the Sesa Goa’s Director’s, who shall hold the same as a
trustee for and on behalf of such shareholders of Sterlite and MALCO and shall
dispose off and distribute the proceeds thereof to such shareholders in
proportion to and in lieu of their respective fractional entitlements.

About Sterlite Industries

Sterlite Industries (India) Limited is India’s largest diversified metals and
mining company. The company produces aluminium, copper, zinc, lead, silver,
and commercial energy. Sterlite Industries has a portfolio of world class
assets in India, Australia, Namibia, South Africa and Ireland. Sterlite
Industries is listed on the Bombay Stock Exchange and National Stock Exchange
in India and the New York Stock Exchange in the United States. For more
information, please visit www.sterlite-industries.com

Disclaimer

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.” Forward–looking
statements by their nature address matters that are, to different degrees,
uncertain. For us, 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 mattersof national, regional and global
scale, including those of a political, economic, business, competitive or
regulatory nature. These uncertainties may cause our actual future results to
be materially different that those expressed in our forward-looking
statements. We do not undertake to update our forward-looking statements.

Regd. Office: SIPCOT Industrial Complex, Madurai Bypass Road, TV Puram P.O.,
Tuticorin-628002, Tamil Nadu

Contact:

Sterlite Industries (India) Ltd
Ashwin Bajaj, Tel: +91 22 6646 1531
Senior Vice President – Investor Relations
sterlite.ir@vedanta.co.in
or
Sheetal Khanduja, Tel: +91 22 6646 1531
AGM – Investor Relations
sterlite.ir@vedanta.co.in