Acquisition of Interest

Vodafone Group Plc
29 November 2002


29 November 2002


          ACQUISITION OF FRANCE TELECOM'S INTEREST IN VODAFONE PANAFON

Vodafone Group Plc ('Vodafone') announces today that, further to its
announcement on 27 November 2002, its wholly owned subsidiary Vodafone
International Holdings BV has now entered into a stock exchange transaction to
acquire France Telecom S.A.'s 10.85% interest in Vodafone-Panafon Hellenic
Telecommunications Company S.A. ('Vodafone Panafon').  The transaction will
complete on 3 December 2003, resulting in Vodafone's effective interest in
Vodafone Panafon increasing from 51.88% to 62.73%.

                                   -  ends  -


For further information contact:

Vodafone Group
Tim Brown, Group Corporate Affairs Director
Melissa Stimpson, Director of Group Investor Relations
Bobby Leach, Head of Group Financial Media Relations
Darren Jones, Senior Investor Relations Manager
Tel:  [phone]

Tavistock Communications
Lulu Bridges
Tel:  [phone]


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