US Dollar Bond Tender Offer

Vodafone Group Plc
01 April 2003

1 April 2003


                 VODAFONE LAUNCHES US DOLLAR BOND TENDER OFFER

Vodafone Group Plc ('Vodafone') today announces a cash tender offer to purchase
any and all of the bonds listed below (the 'Bonds') issued by its wholly owned
subsidiary Vodafone Americas Inc. (previously AirTouch Communications, Inc.) and
guaranteed by Vodafone  (the 'Tender Offer').

Vodafone is seeking to gain efficiencies by reducing the number of issuers in
the Vodafone Group with U.S. dollar denominated debt securities outstanding.
Vodafone intends to purchase any tendered Bonds out of existing cash resources.

The Tender Offer will expire at 5.00 p.m. New York City time, on 11 April 2003
unless extended by Vodafone in its sole discretion, or terminated earlier.
Lehman Brothers is acting as Dealer Manager in the Tender Offer.

Under the terms of the Tender Offer, the total payment for each Bond will be
determined by reference to the applicable fixed spread over the yield to
maturity of the applicable United States Treasury reference security as listed
in the table below at the time of acceptance of the Tender Offer plus accrued
and unpaid interest to, but excluding, the payment date.


Description                  CUSIP No.      US Treasury Reference              Bloomberg     Fixed
                                            Security                           Screen        Spread
                                                                                             (in basis
                                                                                             points)

U.S.$200,000,000 6.35%       00949TAE0      6.75% Notes due 15 May 2005        PX5           +55
Notes due 2005

U.S.$400,000,000 7.50%       00949TAA8      7.00% Notes due 15 July 2006       PX5           +58
Notes due 2006

U.S.$500,000,000 6.65%       00949TAD2      5.625% Notes 15 May 2008           PX6           +65
Notes 2008



Holders wishing to sell Bonds pursuant to the Tender Offer should contact their
salesperson at Lehman Brothers at the telephone numbers set forth below between
9.00 a.m. and 5.00 p.m. New York City time on any New York Stock Exchange
trading day on or before the date on which the Tender Offer expires. A holder
that does not have an account with Lehman Brothers must tender through the
holder's financial institution. Payment for tendered Bonds will be made in same
day funds on the third New York Stock Exchange trading day following the date on
which the holder thereof accepts the offer with respect to such Bonds.



For further information:

Vodafone Group
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]

Tavistock Communications
Lulu Bridges / John West
Tel:  [phone]

Lehman Brothers Inc.
Rad Antonov / Emily Shanks
Liability Management Group
Tel: + 1 212 528 7581
0r: + 1 800 438 3242

D.F. King & Co, Inc.
Tel: + 1 212 269 5550
Or: + 1 800-848-3416


This press release is neither an offer to purchase nor a solicitation of an
offer to sell securities. The Tender Offer is made upon the terms and subject to
the conditions set forth in Vodafone's Offer to Purchase dated 1 April 2003.
Persons with questions regarding the offer should contact Lehman Brothers
attention: Rad Antonov or Emily Shanks, Liability Management Group at + 1 212
528 7581 or toll free at + 1 800 438 3242. Requests for copies of the Offer to
Purchase should be directed to the Information Agent, D.F. King & Co, Inc. at +
1 212 269 5550 or toll free at + 1 800 848 3416.

This announcement has been issued by Vodafone and is the sole responsibility of
Vodafone and has been approved solely for the purposes of Section 21 of the
Financial Services and Markets Act 2000 by Lehman Brothers International
(Europe) of One Broadgate, London EC2M 7HA.

Lehman Brothers is acting for Vodafone and no one else in connection with the
Tender Offer and will not be responsible to any other person for providing the
protections afforded to clients of Lehman Brothers, or for providing advice in
relation to the Tender Offer.

                                    -ends -


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