Vodafone AirTouch Plc ("Vodafone AirTouch") announces today that its wholly owned subsidiary Vodafone Kenya Limited has signed an agreement with Telkom Kenya to form Safaricom Limited ("Safaricom"). Safaricom will be owned 60% by Telkom Kenya and 40% by Vodafone AirTouch and includes all the assets and subscribers of the previous cellular operation of Telkom Kenya. The consideration for the licence from the Kenyan Government amounted to $55 million. Safaricom is currently the only cellular operator in Kenya and has a 15 year GSM 900 licence. Safaricom has also acquired the existing ETACS network which provides service in the major towns in Kenya.

For further information contact:

Vodafone AirTouch Plc
Terry Barwick, Director of Corporate Affairs
Tim Brown, Investor Relations Director
Melissa Stimpson, Senior Investor Relations Manager
Telephone: +44 (0) 1635 33 251

Tavistock Communications
Lulu Bridges
Telephone: +44 (0) 207 600 2288

press.office@vodafone.com