OREANDA-NEWS. October 14, 2011. This has reference to comments in certain sections of media that the Ministry of Corporate Affairs has directed SFIO to proceed further in respect of the allegations originally contained in the SFIO report.

Sesa Goa (the "Company") wishes to clarify that it has not received any further communication on this matter after it had made submissions to the Ministry in end June 2011.

As and when any further communication is received in this regard, the same will be appropriately dealt with. The allegations contained in the SFIO report are misconceived and the Company firmly denies those allegations.