Further Re: Telecel Offer

Vodafone Group Plc 27 March 2003 27 March 2003 VODAFONE INCREASES SHAREHOLDING IN TELECEL Further to the announcement of Vodafone Group Plc ('Vodafone') on 28 February 2003 relating to its public offer for the outstanding shares which it does not already own (the 'Shares') in Vodafone Telecel-Comunicacoes Pessoais, S.A. ('Telecel') (the 'Offer'), Vodafone today announces that it has increased its shareholding in Telecel from approximately 61.4% to approximately 67.5% as at 26 March 2003. The increase in shareholding was effected through market purchases of 13,069,663 Shares on Euronext Lisbon at a price per Share of EUR 8.50 or below, for an aggregate consideration of approximately EUR 111 million. For further information contact: Vodafone Group Plc Tim Brown, Group Corporate Affairs Director Melissa Stimpson, Director of Group Investor Relations Bobby Leach, Head of Group Financial Media Relations Darren Jones, Senior Investor Relations Manager Tel: +44 (0) 1635 673310 Goldman Sachs International Simon Dingemans Tel: +44 (0) 20 7774 1000 Tavistock Communications John West/Justin Griffiths Tel: +44 (0) 20 7600 2288 This announcement is neither an offer to purchase nor a solicitation of an offer to sell any securities. The Offer is being made only by means of the Offer document and is being made to all holders of any Shares, other than Shares held, directly or indirectly, by Vodafone. - ends - This information is provided by RNS The company news service from the London Stock Exchange
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