Transaction in Own Shares

Vodafone Group Plc
06 August 2004


                               VODAFONE GROUP PLC

                      PUT OPTION OVER ITS ORDINARY SHARES


Vodafone Group Plc ('Vodafone') announces today that, following approval of such
transactions at its Annual General Meeting on 27 July 2004, it has sold a put
option over its ordinary shares of U.S.$0.10 to Deutsche Bank AG London Branch
(the 'Counterparty') as follows:

Put Option over Ordinary Shares

Trade date of the put option:                                    5 August 2004

Exercise date of the put option                                  20 October 2004

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

If the put option is exercised by the Counterparty then the      £11,658,000
total consideration payable by Vodafone from existing cash 
reserves to the Counterparty (less 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.


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