Final Results - Part 5

Vodafone Group Plc
30 May 2006

Vodafone Group Plc 
Preliminary Results for year ended 31 March 2006
PART 5


KEY PERFORMANCE INDICATORS

MOBILE TELECOMMUNICATIONS BUSINESSES

PROPORTIONATE CUSTOMERS - 1 APRIL 2005 TO 31 MARCH 2006
-----------------------------------------------------------------------------------------------------------
                             9 MONTHS TO 31 DECEMBER 2005                 QUARTER TO 31 MARCH 2006
                        -----------------------------------------   ---------------------------------------
COUNTRY    PERCENTAGE AT 1 APR        NET      OTHER  AT 31 DEC        NET      OTHER  AT 31 MAR  PREPAID
            OWNERSHIP     2005  ADDITIONS  MOVEMENTS       2005  ADDITIONS  MOVEMENTS       2006       (3)
                  (1)                                                              (2)
                  (%)   ('000s)    ('000s)    ('000s)    ('000s)    ('000s)    ('000s)    ('000s)       %
-----------------------------------------------------------------------------------------------------------
Principal Markets
Germany       100.0%    27,223      1,942          -     29,165         26          -     29,191     53.3
Italy          76.9%    17,280        913         15     18,208        282          -     18,490     92.2
Spain         100.0%    11,472      1,451          -     12,923        598          -     13,521     50.4
UK            100.0%    15,324      1,001          -     16,325        (21)         -     16,304     61.1
                        -----------------------------------------   ---------------------------------------
                        71,299      5,307         15     76,621        885          -     77,506     65.6
Other Subsidiaries
Albania        99.9%       648        100          -        748         24          -        772     96.8
Australia     100.0%     2,731        395          -      3,126         51          -      3,177     74.0
Czech
Republic      100.0%         -        209      1,931      2,140         72          2      2,214     47.5
Egypt          50.1%     2,072      1,312       (316)     3,068        246          -      3,314     90.4
Greece         99.8%     3,996        433          -      4,429         41          1      4,471     66.4
Hungary       100.0%     1,735        303          -      2,038         25          -      2,063     68.9
Ireland       100.0%     1,952         95          -      2,047         28          -      2,075     73.7
Malta         100.0%       167         10          -        177         (2)         -        175     89.8
Netherlands    99.9%     3,789        187          -      3,976        (67)         -      3,909     52.4
New Zealand   100.0%     1,891        133          -      2,024         44          -      2,068     77.6
Portugal      100.0%     3,586        533          -      4,119        157          -      4,276     79.7
Romania       100.0%         -        986      5,146      6,132        252          -      6,384     64.9
Sweden            -      1,541         32          -      1,573          -     (1,573)         -        -
                        -----------------------------------------   ---------------------------------------
                        24,108      4,728      6,761     35,597        871     (1,570)    34,898     71.8
Other Joint Ventures
Fiji           49.0%        76         19          -         95          6          -        101     94.0
India          10.0%         -         51      1,582      1,633        325          -      1,958     82.8
Kenya          35.0%       879        342          -      1,221        159          -      1,380     98.2
Poland         19.6%     1,443        331          -      1,774        144          -      1,918     56.5
Romania           -      1,010          -     (1,010)         -          -          -          -        -
South Africa   49.9%     5,087      1,956          -      7,043        840      3,085     10,968     89.5
                        -----------------------------------------   ---------------------------------------
                         8,495      2,699        572     11,766      1,474      3,085     16,325     82.2
Associates &
Investments
United
States(4)      44.4%    20,173      2,600         12     22,785        738          7     23,530      5.5
Other                   16,071      1,686         23     17,780        532          -     18,312     73.2
                        -----------------------------------------   ---------------------------------------
                        36,244      4,286         35     40,565      1,270          7     41,842     62.6
                        -----------------------------------------   ---------------------------------------
Total(5)               140,146     17,020      7,383    164,549      4,500      1,522    170,571     65.9
                        -----------------------------------------   ---------------------------------------



(1) All ownership percentages are stated as at 31 March 2006 and exclude
    options, warrants or other rights or obligations of the Group to increase or
    decrease ownership in any venture with the exception of India, where the 
    Group's 10% economic interest represents a 5.6% direct interest in Bharti 
    Tele-Ventures Limited (now renamed Bharti Airtel Limited) and a subscription
    for convertible debentures in Bharti Enterprises Private Limited, 
    representing a 4.4% indirect economic interest in Bharti Airtel Limited. 
    Ownership interests have been rounded to the nearest tenth of one per cent.

(2) Other movements for the quarter to 31 March 2006 represent the
    acquisition of the remaining 0.1% interest in Vodafone Czech Republic
    (previously Oskar Mobil a.s.), minority interests in Vodafone Greece and
    Vodafone Albania, the disposal of the Group's 100% interest in Vodafone 
    Sweden and the indirect acquisition of a 14.9% interest in Vodacom Group 
    (Pty) Limited in South Africa.

(3) Prepaid customer percentages are calculated on a venture basis. At 31
    March 2006, there were 518.0 million venture customers.

(4) The Group's ownership interest in Verizon Wireless is 45.0%. However, the
    Group's proportionate customer base has been adjusted for Verizon Wireless's
    proportionate ownership of its customer base across all its network 
    interests of approximately 98.6% at 31 March 2006. In the absence of 
    acquired interests, this proportionate ownership will vary slightly from 
    quarter to quarter depending on the underlying mix of net additions across 
    each of these networks.

(5) Total proportionate customers have been restated to exclude the results
    of Vodafone Japan which has been treated as a discontinued operation in 
    both the current and previous financial years. At 31 March 2006, Vodafone 
    Japan had 14,858,000 proportionate customers (1 April 2005: 14,692,000, 
    31 December 2005: 14,767,000).


MOBILE TELECOMMUNICATIONS BUSINESSES

VODAFONE LIVE! ACTIVE DEVICES

--------------------------------------------------------------------------------
                    9 MONTHS TO 31 DECEMBER 2005        QUARTER TO 31 MARCH 2006
                 -------------------------------------  ------------------------
COUNTRY                  AT          NET           AT            NET  AT 31 MAR
                 1 APR 2005    ADDITIONS  31 DEC 2005      ADDITIONS       2006
                     ('000s)      ('000s)      ('000s)        ('000s)    ('000s)
--------------------------------------------------------------------------------
Principal Markets
Germany               4,845        1,203        6,048            166      6,214
Italy(1)              2,113        1,364        3,477            620      4,097
Spain                 2,992        1,659        4,651            863      5,514
UK                    3,443          752        4,195            (14)     4,181
                 -------------------------------------  ------------------------
                     13,393        4,978       18,371          1,635     20,006
Other
Subsidiaries
& Joint
Ventures(2)           3,988        3,219        7,207           (143)     7,064
                 -------------------------------------  ------------------------
Group
Statutory
Total(3)             17,381        8,197       25,578          1,492     27,070
--------------------------------------------------------------------------------

The table above only includes Vodafone live! devices in the Group's subsidiary
and joint venture undertakings. There were an additional 5.9 million registered
Vodafone live! venture devices in the Group's associated undertakings at 31
March 2006 (31 December 2005: 5.2 million, 30 September 2005: 4.7 million, 1
April 2005: 3.2 million).

(1) Under IFRS, Vodafone Italy is treated as a joint venture. The figures in
    the table above represent the Group's share of Vodafone live! active 
    devices.

(2) In the quarter to 31 March 2006, the Group sold its interest in Vodafone
    Sweden which included 592,000 Vodafone live! active devices at the date of
    disposal.

(3) Total Vodafone live! active devices have been restated to exclude the
    results of Vodafone Japan which has been treated as a discontinued 
    operation for both current and previous financial years. At 31 March 2006, 
    Vodafone Japan had 13,363,000 Vodafone live! devices (1 April 2005: 
    12,845,000, 31 December 2005: 12,950,000).


3G DEVICES

--------------------------------------------------------------------------------
                     9 MONTHS TO 31 DECEMBER 2005      QUARTER TO 31 MARCH 2006
               -------------------------------------  ------------------------
COUNTRY                  AT           NET          AT            NET  AT 31 MAR
                 1 APR 2005     ADDITIONS 31 DEC 2005      ADDITIONS       2006
                     ('000s)       ('000s)     ('000s)        ('000s)    ('000s)
--------------------------------------------------------------------------------
Principal Markets
Germany                 358          1,089      1,447            578      2,025
Italy(1)                511          1,206      1,717            533      2,250
Spain                    88            514        602            300        902
UK                      190            535        725            308      1,033
               ---------------------------------------  ------------------------
                      1,147          3,344      4,491          1,719      6,210
Other
Subsidiaries
& Joint
Ventures(2)             253          1,026      1,279            232      1,511
               ---------------------------------------  ------------------------
Group
Statutory
Total(3)              1,400          4,370      5,770          1,951      7,721
               ---------------------------------------  ------------------------
Consumer
devices               1,183          4,053      5,236          1,825      7,061
Business
devices                 217            317        534            126        660
               ---------------------------------------  ------------------------
                      1,400          4,370      5,770          1,951      7,721
--------------------------------------------------------------------------------

The table above only includes 3G devices in the Group's subsidiary and joint
venture undertakings. There were an additional 1.7 million Vodafone live! with
3G and Vodafone Mobile Connect 3G/GPRS data card devices in the Group's
associated undertakings at 31 March 2006 (31 December 2005: 1.1 million, 30
September 2005: 0.4 million, 1 April 2005: 0.1 million).

(1) Under IFRS, Vodafone Italy is treated as a joint venture. The figures in
    the table above represent the Group's share of 3G devices.

(2) In the quarter to 31 March 2006, the Group sold its interest in Vodafone
    Sweden which included 172,000 3G devices at the date of disposal.

(3) Total 3G devices have been restated to exclude the results of Vodafone
    Japan which has been treated as a discontinued operation for both current 
    and previous financial years. At 31 March 2006, Vodafone Japan had 
    2,984,000 3G devices (1 April 2005: 798,000, 31 December 2005: 2,224,000).

MOBILE TELECOMMUNICATIONS BUSINESSES

AVERAGE MONTHLY REVENUE PER USER IN THE QUARTER

--------------------------------------------------------------------------------------------------------
COUNTRY               30 JUN   30 SEPT       31 DEC    31 MAR    30 JUN   30 SEPT       31 DEC    31 MAR
                        2004      2004         2004      2005      2005      2005         2005      2006

Germany     Total       25.5      26.0         24.9      23.4      24.3      24.4         22.9      21.5
(EUR)       Contract    40.4      41.5         39.9      37.7      39.8      41.0         38.8      37.2
            Prepaid     10.3      10.3          9.6       9.2       9.2       9.0          8.3       7.5
--------------------------------------------------------------------------------------------------------
Italy       Total       30.3      30.3         30.2      29.1      30.4      29.9         27.7      26.4
(EUR)       Contract    79.6      74.4         78.4      74.8      79.4      75.0         73.7      71.0
            Prepaid     25.6      26.0         25.5      24.6      25.8      25.9         23.5      22.2
--------------------------------------------------------------------------------------------------------
Spain       Total       34.1      36.7         34.2      33.3      36.2      37.7         35.3      33.3
(EUR)       Contract    58.3      61.1         56.6      54.2      58.5      60.7         56.3      52.8
            Prepaid     14.7      16.4         14.7      14.6      15.4      16.2         15.0      13.9
--------------------------------------------------------------------------------------------------------
UK          Total       26.6      26.6         24.9      24.1      24.6      25.1         23.8      22.7
(GBP)       Contract    49.6      48.7         45.7      45.6      46.5      47.9         44.8      43.9
            Prepaid     10.4      11.1         10.3       9.4       9.5       9.9          9.5       8.8
--------------------------------------------------------------------------------------------------------
--------------------------------------------------------------------------------------------------------
Albania     Total      2,336     2,587        2,417     2,184     2,255     2,534        2,259     2,098
(ALL)       Contract  24,469    25,580       24,629    22,234    18,783    19,815       18,499    16,777
            Prepaid    1,636     1,851        1,690     1,522     1,680     1,936        1,701     1,593
--------------------------------------------------------------------------------------------------------
Australia   Total       51.0      52.1         47.3      51.4      47.8      48.2         51.4      47.9
(AUD)       Contract    76.7      77.1         82.8     102.2      92.8      93.6         94.3      92.0
            Prepaid     29.1      32.7         22.4      25.4      26.7      31.1         35.0      32.0
--------------------------------------------------------------------------------------------------------
Czech
Republic(1) Total        643       657          680       641       680       679          679       644
(CZK)       Contract   1,062     1,063        1,066       986     1,029     1,017        1,015       951
            Prepaid      305       320          340       317       340       342          337       311
--------------------------------------------------------------------------------------------------------
Egypt       Total       99.7     111.5        102.8      94.1      91.4      89.4         74.1      79.0
(EGP)       Contract   253.8     264.6        255.9     258.0     268.6     283.9        274.1     289.3
            Prepaid     63.1      74.4         67.9      61.8      60.7      62.4         52.0      56.0
--------------------------------------------------------------------------------------------------------
Greece      Total       33.0      36.7         32.3      30.4      32.2      34.2         31.3      29.8
(EUR)       Contract    64.7      71.4         63.8      61.8      65.1      69.7         64.2      61.5
            Prepaid     17.7      19.4         16.2      14.4      15.1      15.7         14.1      13.4
--------------------------------------------------------------------------------------------------------
Hungary     Total      5,255     5,396        5,182     4,945     5,321     5,153        4,885     4,647
(HUF)       Contract  12,667    12,961       11,774    10,800    11,302    11,264        9,666     8,809
            Prepaid    3,480     3,422        3,313     3,169     3,391     3,046        3,043     2,887
--------------------------------------------------------------------------------------------------------
Ireland     Total       51.1      51.7         50.7      49.1      51.4      53.1         50.2      48.6
(EUR)       Contract   101.7     102.8         98.7      96.3     101.9     107.8         99.9      99.3
            Prepaid     31.0      31.6         31.7      30.8      32.1      32.6         31.6      30.0
--------------------------------------------------------------------------------------------------------
Malta       Total       14.7      16.9         12.9      11.6      14.0      16.2         13.0      12.1
(MTL)       Contract    81.1      98.0         65.4      55.7      74.6      91.4         61.8      54.4
            Prepaid      8.2       8.7          7.4       6.8       7.4       7.8          7.3       6.9
--------------------------------------------------------------------------------------------------------
Netherlands Total       38.7      39.3         37.5      35.3      37.1      36.6         34.5      33.6
(EUR)       Contract    72.3      73.5         70.5      67.0      69.5      68.6         64.7      61.3
            Prepaid     13.1      13.3         11.9      10.5      11.3      11.0          9.8       9.2
--------------------------------------------------------------------------------------------------------
New Zealand Total       53.4      52.5         53.0      52.3      50.7      51.0         51.2      51.2
(NZD)       Contract   150.0     147.3        146.5     143.4     138.9     139.7        137.2     138.5
            Prepaid     27.9      27.2         27.9      27.8      25.9      25.6         25.9      25.7
--------------------------------------------------------------------------------------------------------
Portugal    Total       29.2      29.7         26.8      25.8      26.4      27.1         24.0      23.3
(EUR)       Contract    59.3      59.8         54.5      54.4      67.3      69.8         61.9      62.4
            Prepaid     16.4      17.2         15.7      15.5      14.3      14.7         13.4      12.9
--------------------------------------------------------------------------------------------------------
Romania(1)  Total       14.0      14.4         14.1      13.2      14.9      15.9         15.4      13.9
(USD)       Contract    29.4      31.2         30.4      27.7      30.2      31.1         29.5      27.0
            Prepaid      4.9       5.3          5.5       5.2       6.3       7.1          7.0       6.0
--------------------------------------------------------------------------------------------------------

(1) MobiFon S.A. in Romania and Oskar Mobil a.s. in the Czech Republic became
    subsidiaries on 31 May 2005. However, historic average monthly revenue per 
    user information has been presented in the table above for all comparative 
    periods in order to assist in the understanding of historic results.



MOBILE TELECOMMUNICATIONS BUSINESSES

NON-VOICE SERVICES AS A PERCENTAGE OF SERVICE REVENUE

-------------------------------------------------------------------------------
                                             QUARTER TO 31 MARCH 2006
-------------------------------------------------------------------------------
COUNTRY                                  MESSAGING         DATA           TOTAL
-------------------------------------------------------------------------------
Principal Markets
Germany                                      16.0%         5.7%           21.7%
Italy(1)                                     15.2%         2.8%           18.0%
Spain                                        11.5%         3.6%           15.1%
UK                                           15.9%         5.4%           21.3%
-------------------------------------------------------------------------------
Group Statutory Total                        14.0%         3.8%           17.8%
-------------------------------------------------------------------------------


HISTORIC NON-VOICE SERVICES INFORMATION

----------------------------------------------------------------------------
                    NON-VOICE SERVICES AS A PERCENTAGE OF SERVICE REVENUE 
                                   IN THE QUARTER TO
           -----------------------------------------------------------------
COUNTRY   30 JUN  30 SEPT   31 DEC  31 MAR  30 JUN  30 SEPT   31 DEC  31 MAR
            2004     2004     2004    2005    2005     2005     2005    2006
----------------------------------------------------------------------------
Principal 
Markets
Germany    17.3%    17.0%    18.3%   19.8%   19.3%    19.5%    20.4%   21.7%
Italy(1)   13.5%    14.8%    14.7%   15.6%   14.9%    16.8%    17.4%   18.0%
Spain      12.2%    13.0%    14.2%   15.0%   13.7%    14.2%    14.8%   15.1%
UK         17.4%    18.0%    18.8%   19.3%   19.3%    19.7%    20.7%   21.3%
----------------------------------------------------------------------------
Group
Statutory
Total(2)   14.7%    15.1%    15.7%   16.6%   16.2%    16.6%    17.2%   17.8%
----------------------------------------------------------------------------

(1) Under IFRS, Vodafone Italy is treated as a joint venture.

(2) Total non-voice services as a percentage of service revenue have been
    restated to exclude the results of Vodafone Japan which has been treated 
    as a discontinued operation for both current and previous financial years. 
    The impact has been to reduce non-voice services as a percentage of service 
    revenue for the quarter to 31 December 2005 from 19.4% to 17.2% (30 
    September 2005: from 18.9% to 16.6%, 30 June 2005: from 18.5% to 16.2%, 
    31 March 2005: from 19.0% to 16.6%, 31 December 2004: from 18.1% to 15.7%, 
    30 September 2004: from 17.8% to 15.1%, 30 June 2004: from 17.7% to 14.7%).


MOBILE TELECOMMUNICATIONS BUSINESSES

CUSTOMER CHURN

-----------------------------------------------------------------------------------
                                 ANNUALISED CHURN INFORMATION IN 
                                          THE QUARTER TO
-----------------------------------------------------------------------------------
COUNTRY            30 JUN  30 SEPT  31 DEC  31 MAR  30 JUN  30 SEPT  31 DEC  31 MAR
                     2004     2004    2004    2005    2005     2005    2005    2006
Principal Markets

Germany   Total     16.9%    17.9%   18.8%   19.5%   17.3%    19.7%   21.2%   22.6%
          Contract  14.4%    14.8%   16.1%   14.0%   13.1%    14.3%   16.8%   16.7%
          Prepaid   19.2%    20.9%   21.3%   24.5%   21.1%    24.6%   25.2%   27.7%
-----------------------------------------------------------------------------------
Italy(1)  Total     15.2%    17.6%   18.6%   17.2%   17.3%    18.7%   19.1%   19.5%
          Contract  19.9%    16.0%   16.3%   18.4%   14.9%    14.5%   16.6%   14.5%
          Prepaid   14.8%    17.8%   18.8%   17.0%   17.5%    19.1%   19.3%   19.9%
-----------------------------------------------------------------------------------
Spain     Total     24.1%    21.9%   20.7%   21.3%   21.7%    20.7%   20.6%   20.6%
          Contract  15.9%    13.1%   14.2%   14.6%   13.6%    12.5%   13.9%   14.1%
          Prepaid   30.5%    29.0%   26.2%   27.1%   29.0%    28.1%   26.9%   26.9%
-----------------------------------------------------------------------------------
UK        Total     29.7%    28.8%   29.6%   30.7%   32.4%    33.1%   31.9%   31.2%
          Contract  22.2%    21.8%   21.6%   25.3%   23.2%    21.6%   20.2%   21.2%
          Prepaid   34.7%    33.5%   34.8%   34.2%   38.3%    40.5%   39.5%   37.5%
-----------------------------------------------------------------------------------




ACTIVE CUSTOMERS

-----------------------------------------------------------------------------------
                                    ACTIVE CUSTOMERS(2) AT
-----------------------------------------------------------------------------------
COUNTRY    30 JUN  30 SEPT   31 DEC    31 MAR   30 JUN  30 SEPT  31 DEC   31 MAR
           2004     2004       2004      2005     2005     2005    2005     2006
-----------------------------------------------------------------------------------
Principal Markets
Germany    95.1%    94.7%     94.2%     93.7%    93.0%    92.8%   91.5%    90.6%
Italy(1)   92.8%    92.6%     92.3%     92.3%    92.2%    92.8%   92.1%    91.2%
Spain      97.5%    94.5%     94.5%     94.6%    94.8%    95.0%   95.7%    94.3%
UK         92.9%    92.4%     91.3%     90.3%    88.8%    90.6%   90.8%    88.4%
-----------------------------------------------------------------------------------
Group
Statutory
Total(2)   93.4%    93.0%     92.6%     92.2%    91.3%    92.2%   92.1%    91.6%
-----------------------------------------------------------------------------------

(1) Under IFRS, Vodafone Italy is treated as a joint venture.

(2) During the quarter ended 31 March 2006, the definition of an active
    customer was revised to one who either pays a monthly fee or has made or
    received a chargeable event in the last 3 months. All prior period 
    information has been restated using this revised definition. In addition, 
    total active customers have also been restated to exclude the results of 
    Vodafone Japan which has been treated as a discontinued operation for both 
    current and previous financial years.

    The overall impact of these restatements has been to increase the active
    customer percentage at 31 December 2005 from 91.6% to 92.1% (30 September 
    2005: from 91.8% to 92.2%, 30 June 2005: from 91.0% to 91.3%, 31 March 
    2005: from 91.6% to 92.2%, 31 December 2004: from 91.8% to 92.6%, 30 
    September 2004: from 92.2% to 93.0%, 30 June 2004: from 92.7% to 93.4%).


MOBILE TELECOMMUNICATIONS BUSINESSES

VOICE USAGE VOLUMES

--------------------------------------------------------------------------------------------------
                              TOTAL VOICE MINUTES(1) (MILLIONS) IN THE QUARTER TO
                ----------------------------------------------------------------------------------
COUNTRY       30 JUN   30 SEPT       31 DEC    31 MAR    30 JUN   30 SEPT       31 DEC    31 MAR
                2004      2004         2004      2005      2005      2005         2005      2006
--------------------------------------------------------------------------------------------------
Principal
Markets
Germany        5,775     5,967        6,050     5,768     6,356     6,428        7,010     6,993
Italy(2)       6,679     6,914        7,250     7,327     7,173     7,164        7,521     7,746
Spain          3,963     4,375        4,482     4,973     5,648     5,859        5,966     6,362
UK             6,219     6,324        6,530     6,413     6,810     6,937        7,167     7,145
--------------------------------------------------------------------------------------------------
              22,636    23,580       24,312    24,481    25,987    26,388       27,664    28,246
--------------------------------------------------------------------------------------------------
Other Subsidiaries
Albania          107       121          119       118       129       144          141       135
Australia      1,055     1,120        1,346     1,442     1,619     1,818        1,957     2,001
Czech
Republic(3)      N/a       N/a          N/a       N/a       289       840          899       925
Egypt          1,470     1,693        1,616     1,734     1,979     2,341        2,278     2,442
Greece         1,417     1,535        1,517     1,538     1,757     1,896        1,870     1,869
Hungary          566       608          652       651       741       792          842       866
Ireland        1,143     1,187        1,195     1,176     1,263     1,279        1,302     1,289
Malta             40        43           39        37        42        47           43        43
Netherlands    1,513     1,437        1,567     1,556     1,697     1,601        1,755     1,733
New Zealand      469       497          538       539       540       559          616       602
Portugal       1,199     1,235        1,229     1,268     1,319     1,384        1,386     1,402
Romania(3)       N/a       N/a          N/a       N/a       525     1,754        1,931     1,914
Sweden           647       640          657       614       688       681          753       N/a
--------------------------------------------------------------------------------------------------
               9,626    10,116       10,475    10,673    12,588    15,136       15,773    15,221
--------------------------------------------------------------------------------------------------
Other Joint
Ventures       1,634     1,767        1,908     1,931     2,021     1,957        2,598     4,684
--------------------------------------------------------------------------------------------------
Group
Statutory
Total(4)      33,896    35,463       36,695    37,085    40,596    43,481       46,035    48,151
--------------------------------------------------------------------------------------------------

(1) The total voice minute information presented in the table above
    represents the volume of minutes handled by each local network and includes
    incoming, outgoing and visitor calls. The voice minute information in 
    respect of the Czech Republic, Germany, New Zealand and Romania reflects 
    minutes billed which are rounded-up under certain tariffs.

(2) Under IFRS, Vodafone Italy is treated as a joint venture. The figures in
    the table above represent the Group's share of the voice minute information.

(3) MobiFon S.A. in Romania and Oskar Mobil a.s. in the Czech Republic became
    subsidiaries on 31 May 2005. Voice minutes in the quarter to 30 June 2005 
    only include volumes during the month of June 2005. Prior to 31 May 2005, 
    MobiFon S.A. was treated as a joint venture and was previously included 
    within Other Joint Ventures.

(4) Total voice usage volumes have been restated to exclude the results of
    Vodafone Japan which has been treated as a discontinued operation for both
    current and previous financial years. During the quarter ended 31 March 
    2006, Vodafone Japan had 6,114 million voice minutes (31 December 2005: 
    5,918 million, 30 September 2005: 5,833 million, 30 June 2005: 
    5,692 million, 31 March 2005: 5,656 million, 31 December 2004: 
    5,980 million, 30 September 2004: 6,161 million, 30 June 2004: 
    6,172 million).



PROFORMA FINANCIAL INFORMATION (UNAUDITED)

In April 2006, the Group announced changes to the organisational structure of
its operations, effective from 1 May 2006. The following results are presented
in accordance with the new organisation structure. The Group's results
announcements will continue to provide the trading results of its principal
operations within the Europe and EMAPA (covering Eastern Europe, Middle East,
Africa, Asia Pacific and Affiliates) regions in the discussion of its
operations.


Year ended 31 March 2006

------------------------------------------------------------------------------------------------
                                                        Less:
                                                       Intra-      Common      Inter-
                Segment                      Joint    segment   functions     segment        Net
                revenue    Subsidiaries   ventures    revenue          (2)    revenue    revenue
                     £m              £m         £m         £m          £m          £m         £m
------------------------------------------------------------------------------------------------
Revenue
Continuing operations:

Europe(1)        23,524          19,503      4,363       (342)                   (123)    23,401
EMAPA(1)          4,584           3,106      1,489        (11)                    (47)     4,537
Other
operations        1,320           1,320          -          -                     (34)     1,286
Common
functions                                                             145         (19)       126
------------------------------------------------------------------------------------------------
                 29,428          23,929      5,852       (353)        145        (223)    29,350
================================================================================================


------------------------------------------------------------------------------------------------------------------
                                                                                                          Adjusted
               Segment                   Joint        Common                  Operating           Other  operating
                result  Subsidiaries  ventures   functions(2) Associates  (loss)/profit   adjustments(3)    profit
                   £m             £m        £m            £m          £m             £m              £m         £m
------------------------------------------------------------------------------------------------------------------
Adjusted operating (loss)/profit
Continuing operations:

Europe(1)    (17,703)       (15,775)   (1,928)                         5        (17,698)         23,512      5,814
EMAPA(1)         837            470       367                      2,415          3,252             (17)     3,235
Other
operations       139            139         -                          -            139               -        139
Common
functions                                                215            8           223             (12)       211
------------------------------------------------------------------------------------------------------------------
             (16,727)       (15,166)   (1,561)           215        2,428       (14,084)         23,483      9,399
==================================================================================================================

Six months ended 30 September 2005

------------------------------------------------------------------------------------------------
                                                        Less:
                                                       Intra-      Common      Inter-
                Segment                      Joint    segment   functions     segment        Net
                revenue    Subsidiaries   ventures    revenue          (2)    revenue    revenue
                     £m              £m         £m         £m          £m          £m         £m
------------------------------------------------------------------------------------------------
Revenue
Continuing operations:

Europe(1)        11,943           9,893      2,240       (190)                    (67)    11,876
EMAPA(1)          2,009           1,382        632         (5)                    (10)     1,999
Other
operations          622             622          -          -                     (19)       603
Common
functions                                                              70           -         70
------------------------------------------------------------------------------------------------
                 14,574          11,897      2,872       (195)         70         (96)    14,548
================================================================================================


--------------------------------------------------------------------------------------------------------------
                                                                                                      Adjusted
               Segment                   Joint        Common              Operating           Other  operating
                result  Subsidiaries  ventures   functions(2) Associates     profit   adjustments(4)    profit
                   £m             £m        £m            £m          £m         £m              £m         £m
--------------------------------------------------------------------------------------------------------------
Adjusted operating profit/(loss)
Continuing operations:

Europe(1)       3,039          2,116       923                         -      3,039               -      3,039
EMAPA(1)         (131)          (301)      170                     1,187      1,056             496      1,552
Other
operations         38             38         -                         -         38               -         38
Common
functions                                                153           -        153               -        153
--------------------------------------------------------------------------------------------------------------
                2,946          1,853     1,093           153       1,187      4,286             496      4,782
==============================================================================================================



(1) Reportable segments.

(2) Common functions represents results from Partner Markets and
    unallocated central Group income and expenses.

(3) Comprises impairments to the carrying value of goodwill relating to
    the mobile operations in Germany, Italy and Sweden amounting to £23,515 
    million offset by £17 million of non-operating income in relation to the 
    Group's associated undertakings and £15 million of other items.

(4) Comprises impairment to the carrying value of goodwill relating to
    the mobile operations in Sweden amounting to £515 million offset by £19 
    million of non-operating income in relation to the Group's associated 
    undertakings.












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