Announcement of Financing Plans

Vodafone AirTouch PLC
21 January 2000


             VODAFONE AIRTOUCH ANNOUNCES FINANCING PLANS
                                  
Vodafone   AirTouch   Plc  ('Vodafone  AirTouch'),   announces   its
forthcoming  debut  dollar global bond issue. The  issue  will  have
tranches  of  5, 10 and 30 years.  Vodafone AirTouch  has  appointed
Goldman, Sachs & Co. and Salomon Smith Barney to jointly lead manage
the  transaction.  Lehman Brothers and Bank of America International
Limited  will  be  appointed  as  the  co-lead  managers.   Investor
meetings will commence next week, starting in London.

Vodafone  AirTouch's current senior unsecured debt rating is  A2  by
Moody's and A (CreditWatch - negative) by Standard & Poors.

Proceeds  will  be used to reduce Vodafone AirTouch's existing  bank
and commercial paper indebtedness.

This  is  not an offer of securities for sale in the United  States.
The  securities  offered have not been and will  not  be  registered
under  the Securities Act of 1933 and may not be offered or sold  in
the  United  States without registration or an applicable  exemption
from registration requirements.


Not for Release or Distribution in the United States and Canada

For further information:

Vodafone AirTouch
Terry Barwick, Corporate Affairs Director
Tim Brown, Investor Relations Director
Melissa Stimpson, Senior Investor Relations Manager
Tel:  [phone]


Tavistock Communications
Lulu Bridges
Tel:  [phone]