OREANDA-NEWS. April 6, 2011. Sesa Goa Ltd ("Sesa") is pleased to announce receipt of clearance from Securities and Exchange Board of India ("SEBI") to send letters of offer to shareholders of Cairn India Ltd ("Cairn India") and proceed with the open offer of up to 20% of the shares of Cairn India. Sesa is required to launch the open offer by 11 April 2011 at a price of INR 355 per Cairn India share. The acquisition of 51%-60% of Cairn India by the Vedanta Group remains conditional on receipt of Government of India consents. Further announcements will be made in due course.

Sesa is India's largest producer and exporter of iron ore in the private sector. The company is a majority owned and controlled subsidiary of Vedanta Resources plc, the London listed FTSE 100 diversified metals and mining major. For over five decades, Sesa has been involved in iron ore mining, beneficiation and exports. Over the last two decades, it has diversified into the manufacture of pig iron and metallurgical coke. Sesa has mining operations in Goa and Karnataka while it also operates a 280,000 TPY metallurgical coke plant and a 250,000 TPY pig iron plant in Goa. The Company acquired the shares of Sesa Resources Limited (VSD), which in turn holds 100% equity shares of Sesa Mining Corp. Pvt. Ltd (DMC) during FY '10.