Vodafone Response To Media Speculation

Vodafone confirms that it is in advanced discussions with Verizon Communications Inc. regarding the disposal of Vodafone's US group whose principal asset is its 45% interest in Verizon Wireless for US$130 billion. The consideration would substantially comprise a mixture of Verizon common stock and cash.

There is no certainty that an agreement will be reached. A further announcement will be made as soon as practicable.

For further information:

Vodafone Investor Relations
+44 (0) 7919 990230
www.vodafone.com/investor

Vodafone Group Media
+44 (0) 1635 664444
www.vodafone.com/media