Shareholding in Europolitan

Vodafone Group Plc
07 February 2003

7 February 2003



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

             VODAFONE FURTHER INCREASES SHAREHOLDING IN EUROPOLITAN

Further to the announcement of Vodafone Group Plc ('Vodafone') on 5 February
2003 of its proposed recommended offer for the shares it does not already own in
Europolitan Vodafone AB (publ) ('Europolitan'), and its subsequent announcement
on 6 February 2003 of its increased shareholding in Europolitan, Vodafone today
announces that it has further increased its shareholding in Europolitan from
approximately 78.1% to approximately 82.3%.  This increase in shareholding was
effected through market purchases on 6 February 2003 for a consideration of
approximately SEK810 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:  [phone]



Goldman Sachs International

Simon Dingemans

Tel:  [phone]



Enskilda Securities

Martin Brandt

Tel:  [phone]



Tavistock Communications

Lulu Bridges/Justin Griffiths

Tel:  [phone]



The offer will not be 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 will furthermore not be 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 Swedish 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.



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