Transaction in Own Shares

Vodafone Group Plc
24 August 2004





                               VODAFONE GROUP PLC

                      PUT OPTION OVER ITS ORDINARY SHARES



Vodafone Group Plc ('Vodafone') announces today that it has sold a put option
over its ordinary shares of U.S.$0.10 to Barclays Bank PLC (the 'Counterparty')
as follows:


Put Option over Ordinary Shares


Trade date of the put option:                                     23 August 2004


Exercise date of the put option:                                 13 October 2004

Number of ordinary shares that are the subject of the put option:     10,000,000

If the put option is exercised by the Counterparty then the total consideration
£12,240,700 payable by Vodafone from existing cash reserves to the Counterparty
(after deducting the premium it has received from the Counterparty) will be:


This announcement does not constitute, or form part of, an offer or any
solicitation of an offer for securities in any jurisdiction.


                      This information is provided by RNS
            The company news service from the London Stock Exchange