Sale of Vodafone Japan

Vodafone Group Plc
27 April 2006


27 April 2006

                      COMPLETION OF SALE OF VODAFONE JAPAN

                       PROPOSED £6 BILLION RETURN OF CASH

Further to its announcement on 17 March 2006, Vodafone has completed today the
sale of its 97.68% interest in Vodafone Japan to a wholly-owned subsidiary of
SoftBank Corporation. The sale values Vodafone Japan at an Enterprise Value of
approximately Yen 1.8 trillion (£8.9 billion).

Vodafone will make a special distribution of approximately £6 billion,
equivalent to around 10 pence per share, to shareholders shortly after its AGM
to be held on 25 July 2006. Details of the precise method of distribution will
be released with the preliminary results in May.

Arun Sarin, Chief Executive of Vodafone, commented:

'I am pleased to announce the completion of the sale of Vodafone Japan to
SoftBank. This transaction enhances Vodafone's adjusted earnings per share and
facilitates the return of approximately £6 billion to our shareholders. We
maintain a strong relationship with SoftBank and we look forward to continuing
to benefit from insights in the important Japanese mobile market.'

                                     - ends-


For further information:

Vodafone Group

Investor Relations                         Media Relations
Tel: [phone]                   Tel: [phone]


Notes to Editors

Adjusted earnings per share represent earnings per share under IFRS before the
results of discontinued operations and items not reflecting underlying business
performance.


For illustrative purposes an exchange rate of Y205:£1 has been used.






                      This information is provided by RNS
            The company news service from the London Stock Exchange
         RMRTMMTTMJF