Increases in shareholdings

Vodafone Group PLC
09 August 2002


9 August 2002

                        VODAFONE INCREASES SHAREHOLDINGS
                    IN VODAFONE PORTUGAL AND VODAFONE SWEDEN


Vodafone Group Plc ('Vodafone') announces today that the Vodafone Group has
recently increased its shareholdings in its listed subsidiary companies,
Vodafone Telecel-Comunicacoes Pessoais SA ('Vodafone Portugal') and Europolitan
Vodafone AB ('Vodafone Sweden'), through a series of market purchases at a total
cost of €88m. As at 7 August 2002 Vodafone's shareholdings in Vodafone Portugal
and Vodafone Sweden had increased by approximately 3.2% and 2.0% to
approximately 54.1% and 73.1% respectively.

These transactions are in line with Vodafone's strategy of increasing its stakes
in existing operations, where opportunities arise for the creation of enhanced
shareholder value.


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For further information please contact:

Vodafone Group Plc
Tim Brown, Group Corporate Affairs Director
Melissa Stimpson, Director of Group Investor Relations
Darren Jones, Senior Investor Relations Manager
Jon Earl, Senior Group Communications Manager
[phone]

Tavistock Communications
Lulu Bridges/John West
[phone]


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