Offer For Europolitan

Vodafone Group Plc
25 March 2003

25 March 2003


                  OUTCOME OF VODAFONE'S OFFER FOR EUROPOLITAN
                    VODAFONE INCREASES SHAREHOLDING TO 99.1%


Vodafone Group Plc ('Vodafone') today announces the outcome of its recommended
public offer for the outstanding shares in Europolitan Vodafone AB (publ)
('Europolitan') that it did not already own (the 'Offer').  The acceptance
period for the Offer ended on 21 March 2003.


•  Vodafone now owns a total of 406,528,886 Europolitan shares,
   representing approximately 99.1% of Europolitan's share and voting capital on 
   an undiluted basis.

•  On 13 January 2003, the day on which Vodafone announced that it was in
   discussions with the Board of Europolitan regarding a possible offer, 
   Vodafone owned 306,167,966 Europolitan shares, representing approximately 
   74.6% of Europolitan's share and voting capital on an undiluted basis.

•  Vodafone acquired 29,628,764 Europolitan shares in the Offer,
   representing approximately 7.2% of Europolitan's share and voting capital on 
   an undiluted basis, for a total consideration of approximately SEK 1,393 
   million.

•  Vodafone has purchased 70,732,156 Europolitan shares in the market since
   5 February 2003. The market purchases, which represent approximately 17.3% of
   Europolitan's share and voting capital on an undiluted basis, were effected 
   at a price of SEK 47.00 per Europolitan share, for a total consideration of
   approximately SEK 3,324 million.

As previously announced, Vodafone now intends to implement compulsory
acquisition procedures to acquire 100% of the shares in Europolitan.  The Board
of Europolitan has applied for the de-listing of Europolitan shares from the
O-list, Attract 40, of the Stockholm Exchange (Stockholmsborsen).  The last
trading day for Europolitan shares will be 28 March 2003.


For further information contact:

Vodafone Group Plc

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]



Goldman Sachs International

Simon Dingemans

Tel:  [phone]



Enskilda Securities

Martin Brandt

Tel:  [phone]



Tavistock Communications

John West/Justin Griffiths

Tel:  [phone]


This announcement has been issued by Vodafone Group Plc and is the sole
responsibility of Vodafone Group Plc and has been approved solely for the
purposes of Section 21 of the Financial Services and Markets Act 2000 by Goldman
Sachs International.


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