Increase Ownership in Spain

Vodafone Group Plc
21 January 2003

21 January 2003

                VODAFONE TO INCREASE OWNERSHIP IN SPAIN TO 100%


Vodafone Group Plc ('Vodafone') announces today that it has been notified that
Acciona, S.A. ('Acciona') has exercised its put option over the 6.2% stake in
Airtel Movil, S.A. ('Vodafone Spain') owned by Acciona and Tibest Cuatro, S.A.
under the terms of an agreement originally made in January 2000. Vodafone,
through its subsidiary Vodafone European Investments, will acquire this stake
for approximately Euro 2,018 million in cash and will increase its ownership in
Vodafone Spain to 100%.  The transaction is expected to complete on 27 January
2003.





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For further information:


Vodafone Group
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:  [phone]


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


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