Eur30 Billion Senior Credit Facility

Vodafone AirTouch PLC
14 December 1999


VODAFONE AIRTOUCH ANNOUNCES EURO 30 BILLION SENIOR CREDIT
FACILITY

Vodafone  AirTouch Plc announces today that  a  group  of
eleven  relationship banks has agreed to  underwrite  and
arrange  a  Euro  30  billion senior credit  facility  in
connection   with   its  proposed  intended   offer   for
Mannesmann  A.G.  The facility is expected to  be  signed
shortly.

The  eleven  banks  include ABN AMRO,  Bank  of  America,
Banque  Nationale  de Paris, Barclays, Citibank,  Goldman
Sachs, Greenwich NatWest, ING Barings, National Australia
Bank,  Toronto  Dominion and Warburg  Dillon  Read.   The
bookrunners  are Bank of America, Barclays, Citibank  and
Goldman Sachs, and the facility agent is NatWest.

The  major part of the multi-tranche facility has  a  364
day  maturity with the balance having a  three year term.
Pricing  of  the  facility is based on a  grid  which  is
dependent  on  credit ratings, the size of the  facility,
the tranche selected and the utilisation levels.

Substantial parts of the facility will be refinanced in
the commercial paper and bond markets and cancelled as
funding requirements fall.

                    
                            
For further information contact:

Tim Brown, Investor Relations Director
Melissa Stimpson, Senior Investor Relations Manager
at Vodafone AirTouch Plc
Telephone:  [phone]

or

Lulu Bridges
Tavistock Communications Limited
Telephone: [phone]