Merger of

Presented By Jerry Dmello Warren Dias Linus Pereira Staynel Rodrigues

Nod For Sesa Goa And Sterlite Merger

Sterlite shareholders will get three shares of Sesa Goa for every five shares held according to the swap ratio. Cairn India, Hindustan Zinc, Balco, Vedanta Aluminum, Madras Aluminum, Talwandi Sabo Power and Australian Copper Mines will become subsidiaries of Sesa Sterlite after the restructuring. Only Konkola copper mines of Zambia would stay out of the restructuring.

Cont
The merger will lead to Vedantas debt burden falling by about 61% to $3.8 billion (Rs 21,850 crores). Its debt service liability will also come down to $180 million (Rs 1,035 crores) from the current $500 million (Rs 2,875 crores).

Earning Break Up

Long term future prospects

Sesa Sterlite Delivering for India

Contributing to India's energy security 20% of India's domestic crude oil production Fuelling India's growth story by providing access to metals domestically 80% of India's market share by sales volume for zinc 40% of India's aluminum, copper and lead consumption

One of the largest private sector contributors to the exchequer

Tax contribution to exchequer of c.INR 11,500 Crores ($2.5bn) in FY 2011 1.5% of country's total collection Contributed 1.7% to country's total income tax collection

Raised c.INR 62,500 Crores ($12.5bn) capital overseas for investment in India

Environmental and social responsibility Green energy: 273 MW wind power capacity (INR 1,500 Crores invested) Educational, healthcare and community programmers covering 2.7m people across 548 villages

Earnings Accretive for Sesa Goa

Scale - Expected to be 7th largest diversified natural resources major globally.
Diversification - Reduces volatility of earnings while giving Sesa Goa exposure to world class assets and growth across different commodities. Synergies - Share in up to c.INR 1,000 Crores p.a. of expected synergies.

 Financial Strength - Strong balance sheet and lower cost of capital to deliver superior growth and returns Accretive - Expected to be an earnings accretive transaction

Earnings Accretive for Sterlite

Scale - Expected to be 7thlargest diversified natural resources major globally. Diversification - Diversifies Sterlite, gaining exposure to world class iron ore and oil and gas assets. Synergies - Share in up to c.INR 1,000 Crores ($200m) p.a. of expected synergies

 Financial Strength - Strong balance sheet and lower cost of capital to deliver superior growth and returns Accretive - Expected to be an earnings accretive transaction

Merger Impact On Stock Of Sesa Goa

Merger Impact On Stock Of Sterlite

Debt structure
Jerry made your part here of sesa goa and sterlite industries debt structure put graphs and read info

Transaction Approvals
Indian regulatory
BSE and NSE Competition Commission of India High Courts in India and Supreme Court of Mauritius for interconditional scheme of arrangement sesa Goa, Sterlite, VAL, MALCO and SEL shareholder approvals The transfer of Vedanta's interest will require approval from the Foreign Investment Promotion Board in India

UK regulatory Vedanta shareholders as class 1 transaction under the UK Listing Rules