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Vodafone Group Plc (VOD)

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Thursday 04 December, 2003

Vodafone Group Plc

Increased holding in Greece

Vodafone Group Plc
04 December 2003


4 December 2003

For Immediate Release

          VODAFONE INCREASES SHAREHOLDING IN VODAFONE-PANAFON TO 77.5%

Vodafone Group Plc ('Vodafone') announces that on 3 December 2003 it purchased
14,710,436 shares in Vodafone-Panafon Hellenic Telecommunications Company S.A.
('Panafon'). These market purchases were effected at a price per Panafon share
of EUR 6.18 or below, for an aggregate consideration of approximately EUR 91
million. As a result, Vodafone's direct and indirect shareholding in Panafon
will increase from approximately 74.795 per cent. to approximately 77.503 per
cent.

Vodafone expects to continue to make market purchases at a price per Panafon
share of EUR 6.18 or below.

                                        - ends -

For further information:

Vodafone Group
Tim Brown, Group Corporate Affairs Director
Tel: +44 (0) 1635 673310

Investor Relations
Melissa Stimpson
Darren Jones
Tel: +44 (0) 1635 673310

Media Relations
Bobby Leach
Ben Padovan
Tel: +44 (0) 1635 673310

Goldman Sachs International
Simon Dingemans
Tel: +44 (0) 20 7774 1000




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