PROPOSED RESTRUCTURING OF VEDANTA RESOURCES (AUTHOR - SUNIL KAJARIA)

VEDANTA RESOURCES (U.K.)

Vedanta Power (100%)

Konkola Copper Mines (79.4%)

Sesa Goa (55.0%)

Vedanta Energy SPV (100%) (37% holding of Cairn transferred from parent)

Sterlite Industries Ltd (57.5 % )

5000 Mw Purchased from SIIL*- can be diluted through IPO

Sesa Goa to expand further in Iron Ore / Coking Coal etc. as per opportunties

51% IN BALCO

Cairn India (55%) - including 18.5% stake purchased from Sesa Goa

64.9% in Hindustan Zinc

Legend: Already in final shape restructuring required Govt. Action pending proceeds from crude to fund future coal assets (key area of expansion)

100% in Zinc International

100% in Copper

100% in Vedanta Aluminium

TRANSACTIONS REQUIRED TO BE UNDERTAKEN FOR ABOVE-CORPORATE STRUCTURE Vedanta Sterlite a) Purchase of 100% in Sterlite Energy from SIIL to Vedanta -9660 9660 b) Purchase of 18.5% in Cairn India from Sesa Goa to Vedanta -11949 0 c) Purchase of 71.5% in VAL stake from Vedanta to SIIL + refund of loans 6000 -6000 d) Loan from Sesa Goa to Vedanta Energy SPV 10000 0 TOTAL company-wise cash-flow implication -5609 3660

Sesa 0 11949 0 -10000 1949