Re: Libertel Offer

Vodafone Group Plc
28 March 2003

28 March 2003

For Immediate Release - Not for release or distribution in the United States of
America, Canada or Japan


               OUTCOME OF VODAFONE'S OFFER FOR VODAFONE LIBERTEL

          VODAFONE DECLARES OFFER FOR VODAFONE LIBERTEL UNCONDITIONAL


Vodafone Group Plc ('Vodafone') today declares its public offer for the shares
in Vodafone Libertel N.V. ('Vodafone Libertel') that it did not already own (the
'Offer') unconditional.  Vodafone also announces the outcome of the Offer.
Reference is made to the advertisement declaring the Offer unconditional in the
Daily Official List (Officiele Prijscourant) of Euronext Amsterdam N.V. dated 28
March 2003 and which will appear in De Telegraaf dated 29 March 2003.

•   After acquiring the Vodafone Libertel shares tendered in the Offer,
Vodafone will own a total of 303,828,060 Vodafone Libertel shares, representing
approximately 97.2% of the total issued share capital of Vodafone Libertel.
Payment of the Offer price of EUR 11.00 in respect of the Vodafone Libertel
shares already tendered and delivered will be made on 2 April 2003.

•   As Vodafone will own more than 95% of the total issued share capital of
Vodafone Libertel, excluding any shares that Vodafone Libertel owns, Vodafone
intends to exercise its rights under Dutch law to initiate a squeeze-out
procedure in order to acquire 100% of the shares in Vodafone Libertel.

•   Euronext Amsterdam N.V. has confirmed that Vodafone Libertel's shares
will be de-listed from the Official segment of Euronext Amsterdam N.V.'s stock
market on 9 April 2003, and that the last day of trading in Vodafone Libertel's
shares will be 8 April 2003 (barring unforeseen circumstances).

•   Following the end of the acceptance period on 27 March 2003, Vodafone
announces a post-closing acceptance period whereby shareholders who have not
already tendered their Vodafone Libertel shares are provided the opportunity to
do so until 3.00pm (CET) on 8 April 2003.  Vodafone expects to make a further
announcement of the results of the post-closing acceptance period on 9 April
2003.

•   Payment of the Offer price of EUR 11.00 in respect of any Vodafone
Libertel shares tendered and delivered in the post-closing acceptance period
will be made on 11 April 2003.  The Offer price in relation to the post-closing
acceptance period and the terms of and the procedures for accepting the Offer
otherwise remain as indicated in the Offer document dated 4 March 2003.


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:  [phone]

Goldman Sachs International
Simon Dingemans
Tel:  [phone]

Tavistock Communications
John West/Justin Griffiths
Tel:  [phone]

The Offer is not being made, directly or indirectly, in or into the United
States of America, Canada or Japan, and copies of this document and any future
related materials are not being and may not be mailed or otherwise distributed
or sent in or into the United States of America, Canada or Japan.

The Offer is furthermore not being directed to persons whose participation in
the offering requires that further Offer documents are issued or that
registration or other measures are taken, other than those required under Dutch
law. No document relating to the Offer may be distributed in or into any country
where such distribution or offering requires any of the aforementioned measures
to be taken or would be in conflict with any law or regulation of such a
country.

This announcement has been issued by Vodafone Group Plc and is the sole
responsibility of Vodafone Group Plc and has been approved solely for the
purposes of Section 21 of the Financial Services and Markets Act 2000 by Goldman
Sachs International.


                                    - ends -


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