Vedanta Limited

rs,

structure with sector focussed independent businesses. 2. Provides opportunities to global investors, including sovereign wealth funds, retail investors and strategic investors, with direct investment

5 billion

hieving net-zero carbon emissions by 2050 and net water positivity by 2030 with the aims to spend $5 billion over the next 10 years to accelerate this transition. In the process of transitioning to net zero

1.8 GW

ears to accelerate this transition. In the process of transitioning to net zero we already secured 1.8 GW of Renewable Energy through power delivery agreement across our group companies. • Vedanta’s dig

1.8 MT

le-location aluminium smelting facility outside of China, and recently saw its capacity ramp up to 1.8 MTPA. It is accompanied by Bharat Aluminium Company Ltd. (BALCO, a 51% owned subsidiary of Vedanta Li

51%

saw its capacity ramp up to 1.8 MTPA. It is accompanied by Bharat Aluminium Company Ltd. (BALCO, a 51% owned subsidiary of Vedanta Limited, taking total Group capacity to 2.4 MTPA). In the most recen

2.4 MT

ium Company Ltd. (BALCO, a 51% owned subsidiary of Vedanta Limited, taking total Group capacity to 2.4 MTPA). In the most recent financial year ending – 31st March 2023, Vedanta Aluminium achieved its h

41%

r aluminium production of 2,291 kt, maintaining its place as the country’s largest supplier with c.41% market share in India among primary aluminium producers. Vedanta Aluminium is on a path to grow p

3 MT

in India among primary aluminium producers. Vedanta Aluminium is on a path to grow production to 3 MTPA, whilst simultaneously improving its cost position to 1st quartile globally through full backwar

50%

s domestic crude oil production. It is ideally suited to capitalise from India’s growing demand (c.50% growth anticipated by 2030). More broadly, the vision is to eventually contribute 50% to India’s t

1980 MW

a. Anchored by Talwandi Sabo Power Limited (TSPL, a wholly-owned subsidiary of Vedanta Limited), a 1980 MW plant based in Punjab, India, the business will also include the 600 MW Jharsugada power plant, th

600 MW

ry of Vedanta Limited), a 1980 MW plant based in Punjab, India, the business will also include the 600 MW Jharsugada power plant, the Sensitivity: Public (C4) recently ac

1200 MW

gada power plant, the Sensitivity: Public (C4) recently acquired 1200 MW Athena plant and the 1000 MW Meenakshi plant which is in the process of being acquired. Total capa

“Vedanta Aluminium will be run by John Slaven, formerly of Alcoa and BHP.”

“Vedanta Oil & Gas will be run by Steve Moore.”

“Vedanta Power will be run by Vibhav Agarwal, currently CEO of TSPL.”

“Vedanta Steel and Ferrous Materials will be run by Navin Jaju, currently CEO of Iron Ore.”

“Vedanta Base Metals will be run by Chris Griffith, former CEO of Gold Fields and previously at Anglo American.”

“In HZL’s journey to achieving 1.25 mtpa MIC expansion, the final project of RD Beneficiation plant revamp is under execution at RD Mines and is on track.”

“In a world committed to combating climate change, the demand for recycled 'green' metal will grow exponentially.”

“Vedanta Limited will be run by Arun Misra, currently CEO of HZL.”

“Residual Vedanta Limited (including HZL) Financial Highlights Consolidated Revenue (INR Crore) Consolidated EBITDA (INR Crore) Consolidated Operating Profit (EBIT) (INR Crore) FY 2023 34,442 17,539 13,917 FY 2022 30,110 16,509 13,247 Transaction Structure and Advisors Demergers will be conducted through a scheme process.”

“Anil Agarwal Foundation, the umbrella entity for Vedanta’s social initiatives, has pledged Rs 5000 crore over the next five years on various social impact programs and its flagship project, Nand Ghar is setting up model anganwadis across India.”

Gamsberg Operations

2

BMM Operations

2

Rationale for Demerger

1

Further information on the proposed new Entities

1

About Vedanta Limited

1

Registered Office

1

For Investor enquiries

1

For Media enquiries

1

Vision

1

Infill wells

1

Rationale for Demerger

1. Simplifies Vedanta’s corporate structure with sector focussed independent businesses. 2. Provides opportunities to global investors, including sovereign wealth funds, retail investors and strategic investors, with direct investment opportunities in dedicated pure-play companies linked to India’s remarkable growth story through Vedanta’s world class assets. 3. With listed equity and self-driven management teams, these demergers provide a platform for individual units to pursue strategic agendas more freely and better align with customers, investment cycles and end markets. 4. Enables to better highlight, and for the market to more easily value, the remarkable technological advances, environmental stewardship and robust growth stories within Vedanta’s family of companies. Anil Agarwal, Chairman of Vedanta, stated: “This is an exciting announcement for Vedanta, and India. Our country is on an unprecedented growth trajectory which will make us the third largest economy in the world befo

Further information on the proposed new Entities

Vedanta Aluminium The Company’s Jharsuguda facility is the largest single-location aluminium smelting facility outside of China, and recently saw its capacity ramp up to 1.8 MTPA. It is accompanied by Bharat Aluminium Company Ltd. (BALCO, a 51% owned subsidiary of Vedanta Limited, taking total Group capacity to 2.4 MTPA). In the most recent financial year ending – 31st March 2023, Vedanta Aluminium achieved its highest ever aluminium production of 2,291 kt, maintaining its place as the country’s largest supplier with c.41% market share in India among primary aluminium producers. Vedanta Aluminium is on a path to grow production to 3 MTPA, whilst simultaneously improving its cost position to 1st quartile globally through full backward integration. Importantly, the business is growing production of green aluminium under the Restora and Restora Ultra brands and ranked 2nd in the Dow Jones sustainability index in 2022. Vedanta Aluminium will be run by John Slaven, formerly of Alcoa and BHP

About Vedanta Limited

Vedanta Limited (“Vedanta”), a subsidiary of Vedanta Resources Limited, is one of the world’s leading natural resources companies spanning across India, South Africa, Namibia, Liberia, UAE, Korea, Taiwan and Japan with significant operations in Oil & Gas, Zinc, Lead, Silver, Copper, Iron Ore, Steel, Nickel, Aluminium, Power & Glass Substrate and foraying into semiconductors and display glass. For two decades, Vedanta has been contributing significantly to nation building. Governance and sustainable development are at the core of Vedanta's strategy, with a strong focus on health, safety, and environment. Vedanta has put in place a comprehensive framework to be the ESG leader in the natural resources sector, is committed to reducing carbon emissions to net zero by 2050 or sooner and aims to spend $5 billion over the next 10 years to accelerate this transition. Giving back is in the DNA of Vedanta, which is focused on enhancing the lives of local communities. Anil Agarwal Foundation, the

Registered Office

Regd. Office: 1st Floor, ‘C’ wing, Unit 103, Corporate Avenue, Atul Projects, Chakala, Andheri (East), Mumbai – 400 093 CIN: L13209MH1965PLC291394 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 matters of national, regional, and global scale, including those of a political, economic, business, competitive or regulatory nature. Th

For Investor enquiries

Mr. Omar Davis – President, Strategy (omar.davis@vedantaresources.com) Mr. Ajay Agarwal – President, Finance (ajay.agarwal@vedanta.co.in) Ms. Prerna Halwasiya – Dy Head (prerna.halwasiya@vedanta.co.in) Investors Relation and Company Secretary

For Media enquiries

Ms. Ritu Jhingon, Group Director – Communications (ritu.jhingon@vedanta.co.in) Sensitivity: Public (C4) Reorganisation Announcement VEDANTA LIMITED September 2023 TRANSFORMING TOGETHER Inclusive. Responsible. Value-accretive delivery Sensitivity: Internal (C3) Cautionary Statement and Disclaimer 01 02 03 04 The views expressed here may contain information derived from publicly available sources that have not been independently verified. No representation or warranty is made as to the accuracy, completeness, reasonableness or reliability of this information. Any forward-looking information in this presentation including, without limitation, any tables, charts and/or graphs, has been prepared on the basis of a number of assumptions which may prove to be incorrect. This presentation should not be relied upon as a recommendation or forecast by Vedanta Resources limited and Vedanta Limited and any of their subsidiaries. Past performance of Vedanta Resources limited and Vedanta Limited and a