Mannesmann Disposal

Vodafone AirTouch PLC
21 July 2000

                                                        
                            
  VODAFONE AIRTOUCH/MANNESMANN AG AGREES SALE OF LUXURY
                     WATCH BUSINESS


Vodafone AirTouch Plc today announces that Mannesmann  AG
has agreed to sell LMH (Les Manufactures Horlogeres), its
luxury  watches business, to Richemont S.A.  for  a  cash
consideration of approximately 2.8 billion Swiss  francs.
The   agreement  is  conditional  on  the   approval   of
Mannesmann  AG's Supervisory Board and certain regulatory
approvals.  Completion is expected in September 2000.

LMH  is  the  holding company for three highly successful
luxury  watch businesses, Jaeger-LeCoultre, International
Watch Co. and A. Lange & Sohne.

Mannesmann AG was advised by UBS Warburg.


For further information contact:
Terry Barwick, Director of Corporate Affairs
Tim Brown, Investor Relations Director
Melissa Stimpson, Senior Investor Relations Manager
Corinne Norris, Senior Communications Manager
At Vodafone AirTouch Plc
Telephone: [phone]

Lulu Bridges
Tavistock Communications
Telephone:  [phone]