Closing of acq.Swisscom stake

Vodafone Group PLC
26 March 2001

  Closing of Vodafone's acquisition of 25% of Swisscom
                         Mobile
                            
Vodafone  Group  Plc  ('Vodafone') announces  today  that
closing  of  its acquisition of a 25% stake  in  Swisscom
Mobile  is  expected  to take place  on  30  March  2001.
Vodafone   has  advised  Swisscom  AG  ('Swisscom'),   in
accordance  with  the  contractual  arrangements  between
them, that it intends to satisfy the first tranche of the
consideration being CHF2.2 billion by the  issue  of  new
Vodafone shares and the payment of CHF25 million in cash.
The  agreement between Vodafone and Swisscom requires the
shares to be issued, in consideration for Vodafone's  25%
stake  in Swisscom Mobile, to a third party in connection
with   an   arrangement  which  fully  hedges  Swisscom's
exposure  to  the  shares.  The number of  shares  to  be
issued and their price per share will be determined under
those  arrangements between now and the close of business
on 30 March 2001.

                       
                            
For further information:

Tim Brown, Group Corporate Affairs Director
Melissa Stimpson, Head of Group Investor Relations
Jon Earl, Investor Relations Manager
Darren Jones, Investor Relations Manager
Tel:  [phone]

Lulu Bridges/John West
Tavistock Communications
Tel:  [phone]