Tender Offer Update

Vodafone Group PLC
10 October 2001


NOT TO BE DISTRIBUTED IN OR INTO THE UNITED STATES, CANADA OR AUSTRALIA



10 October 2001



          VODAFONE RECEIVES TENDERS OF 21.7% OF JAPAN TELECOM SHARES



    OFFER REMAINS OPEN UNTIL CLOSE OF BUSINESS IN JAPAN ON 11 OCTOBER 2001



On 20 September 2001 Vodafone Group Plc announced that its wholly-owned
subsidiary Vodafone International Holdings B.V. ('VIHBV') would launch an
agreed tender offer for up to 693,368 ordinary shares of JAPAN TELECOM Co.,
Ltd. ('JAPAN TELECOM'), representing 21.7% of the outstanding ordinary shares
of JAPAN TELECOM (the 'Offer'). The Offer, made pursuant to a tender offer
registration statement filed on 21 September 2001, commenced on that date and
will remain open for acceptances or withdrawals up to and including the close
of business in Japan on Thursday 11 October 2001. To the extent that valid
acceptances exceed the maximum number of shares sought in the Offer, tendering
shareholders will be scaled back pro-rata, as more fully set out in the tender
offer registration statement.



VIHBV has been informed by its tender offer agents, The Nomura Securities Co.,
Ltd. and UBS Warburg (Japan) Ltd., that as of the close of business on 10
October 2001, 694,243 ordinary shares, representing approximately 21.7% of the
outstanding ordinary shares of JAPAN TELECOM, or 100.1% of the ordinary shares
sought in the Offer, have been tendered.



                                    -ends-



For further information:



Vodafone Group Plc

Tim Brown, Group Corporate Affairs Director

Melissa Stimpson, Head of Group Investor Relations

Darren Jones, Senior Investor Relations Manager

Jon Earl, Investor Relations Manager

Tel: [phone]



Tavistock Communications

Lulu Bridges / John West

Tel: [phone]



This press release does not constitute, or form part of, any offer or
invitation to sell, or any solicitation of any offer to purchase any
securities in any jurisdiction, nor shall it (or any part of it) or the fact
of its distribution form the basis of or be relied on in connection with, any
contract therefor.  The Offer is not being made and will not be made directly
or indirectly in, or by use of the mails of, or by any means or
instrumentality of interstate or foreign commerce of, or any facilities of a
national securities exchange of, the United States of America, Australia or
any Province or Territory of Canada.  This includes, but is not limited to,
facsimile transmission, electronic mail, telex, telephone and the Internet.
Accordingly, copies of this press release and any related offering documents
are not being, and must not be, mailed or otherwise transmitted or distributed
in or into the United States of America, Australia or any Province or
Territory of Canada.  Any purported acceptance of the Offer resulting directly
or indirectly from a violation of these restrictions will be invalid.  No
money, securities or other consideration is being solicited and if sent in
response by a resident of the United States of America, Canada or Australia
will not be accepted.  No indications of interest in the Offer are sought by
this press release.



The release, publication or distribution of this press release in certain
jurisdictions may be restricted by law and therefore persons in such
jurisdictions into which this press release is released, published or
distributed should inform themselves about and observe such restrictions.
Receipt of this press release will not constitute an offer in those
jurisdictions in which it would be illegal to make the Offer and in such
circumstances it will be deemed to have been sent for information purposes
only.



This press release has been issued by, and is the sole responsibility of,
Vodafone Group Plc and Vodafone International Holdings B.V. and has been
approved solely for the purposes of Section 57 of the Financial Services Act
1986 by UBS Warburg Ltd., a subsidiary of UBS AG, which is regulated in the
United Kingdom by The Securities and Futures Authority Limited and is acting
for Vodafone Group Plc and Vodafone International Holdings B.V. and no one
else in relation to the Offer.  UBS Warburg Ltd. will not be responsible to
anyone other than Vodafone Group Plc and Vodafone International Holdings B.V.
for providing the protections afforded to customers of UBS Warburg Ltd. or for
giving advice in relation to the Offer or any matters referred to in this
press release.