Further to the announcement of 28 October 2005, Vodafone Group Plc ("Vodafone") announces that the Vodafone group has today subscribed for convertible debentures in Bharti Enterprises Private Limited representing a 4.39% indirect economic interest in Bharti Tele-Ventures Limited ("BTVL").

The Vodafone group completed the acquisition of the 5.61% direct interest in BTVL from Warburg Pincus LLC on 18 November 2005. Accordingly, from 18 November 2005 Vodafone proportionately consolidated its 5.61% direct stake in BTVL and from today will proportionately consolidate its entire 10% economic interest in BTVL.

For further information:

Vodafone Group

Investor Relations
Tel: +44 (0) 1635 664447

Media Relations
Tel: +44 (0) 1635 664444

Notes to Editors

About Vodafone
Vodafone is the world's leading mobile telecommunications group with operations in 27 countries across 5 continents with 171 million proportionate customers worldwide as at 30 September 2005 as well as 27 partner networks. For further information, please visit www.vodafone.com.

About BTVL
BTVL is the no. 1 mobile operator in India, where it offers nationwide GSM services to 14.1 million customers as at 30 September 2005. BTVL is also a leading provider of fixed-line services. For the year ended March 2005, BTVL had consolidated revenues of Rs.80.0 billion, consolidated EBITDA of Rs.30.1 billion and net income of Rs.15.0 billion. For further information, please visit www.bhartiteleventures.com.