Launch of New Credit Facility

Vodafone AirTouch PLC
11 February 2000


  VODAFONE AIRTOUCH LAUNCHES Euro 25 BILLION SYNDICATED
                      LOAN FACILITY

Vodafone  AirTouch  Plc ('Vodafone  AirTouch')  announces
today that it has launched the syndication of its Euro 25
billion  (previously  Euro  30  billion)  senior   credit
facility to potential sub-underwriters in connection with
its recommended Offer for Mannesmann AG.
     
In   December  1999  a  Euro  30  billion  facility   was
successfully   underwritten   by   11   arranging   banks
comprising   ABN   AMRO  Bank  N.V.,  Bank   of   America
International   Limited,  Banque  Nationale   de   Paris,
Barclays  Capital, Citibank, Goldman Sachs International,
Greenwich  NatWest  Limited,  ING  Bank  N.V.,   National
Australia  Bank  Limited, Toronto  Dominion  Bank  Europe
Limited and Warburg Dillon Read.
     
Following the issue of Vodafone AirTouch's $5.25  billion
global bond on 7 February 2000, the overall amount of the
bank  facility has been reduced to Euro 25  billion.  The
lowering  of the overall amount of the facility has  been
accommodated through the reduction of the Euro 15 billion
short-term   364-day  with  six-month  term  out   option
revolving  credit to Euro 10 billion. Other  elements  of
the   financing  include  a  Euro  7.5  billion   364-day
revolving credit with one-year term out option and a Euro
7.5bn three-year revolving credit.


For further information contact:

Terry Barwick, Corporate Affairs Director
Tim Brown, Investor Relations Director
Melissa Stimpson, Senior Investor Relations Manager
at Vodafone AirTouch Plc
Telephone:  [phone]

Lulu Bridges
Tavistock Communications
Telephone:  [phone]