Analyst and investor Day

Vodafone Group Plc
06 December 2006


6 December 2006

VODAFONE ANALYST AND INVESTOR DAY: EMAPA REGION


Vodafone Group Plc ('Vodafone') is today hosting an analyst and investor day in
London, which will focus on its EMAPA (Eastern Europe, Middle East, Africa, Asia
Pacific and Affiliates) region. The day will be introduced by Arun Sarin,
Vodafone's Chief Executive, and this will be followed by an overview from Paul
Donovan, CEO EMAPA, before individual presentations focusing on Vodafone's
subsidiaries in Romania, Turkey and Egypt and its joint venture, Vodacom, in
South Africa.

The presentations given by the management of these businesses will highlight the
latest market dynamics and give greater detail on how these operations are
capturing the growth opportunities within their markets.

In December 2005, Vodafone provided certain financial metrics on its business in
Turkey and these will be updated during this morning's presentation.  Vodafone
reiterates its expectations of compound average annual revenue growth of 20% in
US$ for Vodafone Turkey for the next five years, but is now targeting EBITDA 
margin percentage in the medium term to be in the high-twenties compared with
mid-twenties previously.

The initial capital expenditure investment to turn around the business of US$1.2
billion is now expected to be around US$850 million. As a result of this and a
better operating performance, Vodafone now expects to fund the initial capital
expenditure investment from operating cash flows rather than through an
additional US$1 billion of funding previously envisaged. In terms of adjusted
earnings per share dilution, Vodafone now sees the transaction diluting adjusted
earnings per share for two years, one year less than previously anticipated.

The principal driver of the EBITDA improvement in Vodafone Turkey has come from
securing greater cost efficiencies than previously envisaged. These include an
innovative contract that has today been awarded to Motorola to modernise, expand
and upgrade the existing 2G Radio Access Network based on the expected total co
st of ownership. This contract was designed to optimise Vodafone's capital
expenditure in a way that is expected to minimise network operating costs and
give greater price predictability over the eight-year contract period, while
delivering on certain key performance requirements in areas such as capacity and
coverage.

Arun Sarin said: 'Our recent interim results highlighted the operational
strength of our EMAPA region and the growing importance of emerging markets to
the Group overall. Since May last year, we have enhanced our interest in all
four of the businesses presenting today and we look forward to their continuing
strong performance in the years ahead.'

Today's event will be broadcast live via a webcast available on the Vodafone
website http://www.vodafone.com/investor beginning at 9am (UK time). All
presentations and related materials will be available through the webcast.


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For further information:

Vodafone Group

Investor Relations
Tel: [phone]

Media Relations
Tel: [phone]


CAUTIONARY STATEMENT


This press release contains 'forward-looking statements' with respect to
Vodafone's business in Turkey, including statements in relation to revenue
growth, EBITDA margin, expected capital expenditure, operating performance and
effects of operating performance on Vodafone's earnings per share. By their
nature, these statements relate to events and depend on circumstances that will
occur in the future. There are a number of factors that could cause actual
results to differ materially from those expressed or implied by these
forward-looking statements. These factors include, but are not limited to, the
following:  changes in economic or political conditions in Turkey that would
adversely affect the level of demand for mobile services; greater than
anticipated competitive activity; slower than expected customer growth in Turkey
and reduced customer retention; changes in the spending patterns of new and
existing customers; the Group's ability to develop competitive data content and
services that will attract new customers in Turkey and increase average usage;
changes in the costs to the Group of or the rates the Group may charge for
terminations and roaming minutes in the EMAPA region; and changes in exchange
rates. Furthermore, a review of the reasons why actual results and developments
may differ materially from the expectations disclosed or implied within
forward-looking statements can be found under 'Risk Factors, Trends and O
utlook-Risk Factors' in the Group's Annual Report for the financial year ended
31 March, 2006. All subsequent written or oral forward-looking statements
attributable to Vodafone or any member of the Group or persons acting on their
behalf are expressly qualified in their entirety by the factors referred to
above. No assurances can be given that the forward-looking statements in this
document will be realised. Neither Vodafone nor any of its affiliates intends to
update these forward-looking statements.










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