Vodafone Group Plc ("Vodafone") announces today that the Vodafone Group has recently increased its shareholdings in its listed subsidiary companies, Vodafone Telecel-Comunicacoes Pessoais SA ("Vodafone Portugal") and Europolitan Vodafone AB ("Vodafone Sweden"), through a series of market purchases at a total cost of Euro 88m. As at 7 August 2002 Vodafone's shareholdings in Vodafone Portugal and Vodafone Sweden had increased by approximately 3.2% and 2.0% to approximately 54.1% and 73.1% respectively.

These transactions are in line with Vodafone's strategy of increasing its stakes in existing operations, where opportunities arise for the creation of enhanced shareholder value.

For further information contact:
Vodafone Group Plc
Tim Brown, Group Corporate Affairs Director
Melissa Stimpson, Director of Group Investor Relations
Darren Jones, Senior Investor Relations Manager
Jon Earl, Senior Group Communications Manager
+44 (0) 1635 673310

Tavistock Communications
Lulu Bridges/John West
+44 (0) 207 600 2288

Email: press.office@vodafone.com