RE: Japan Telecom Holdings

Vodafone Group Plc
05 February 2003

5 February 2003





                 ANNOUNCEMENT REGARDING JAPAN TELECOM HOLDINGS



Vodafone Group Plc announces that its subsidiary, Japan Telecom Holdings Co.,
Ltd. has today confirmed that it is in discussions regarding its fixed line
subsidiary, Japan Telecom Co., Ltd. that may or may not lead to an offer.



                                    - ends -



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 / Justin Griffiths
Tel:  [phone]





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