Transaction in Own Shares

Vodafone Group Plc
09 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 J.P. Morgan Securities Ltd.
(the 'Counterparty') as follows:


Put Option over Ordinary Shares

Trade date of the put option:                                         6 August 2004

Exercise date of the put option                                       2 November 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 payable by Vodafone from existing cash reserves to the 
Counterparty (after deducting the premium it has received from the 
Counterparty) will be:                                                £11,313,900


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
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