Vodafone Netherlands continues to deliver strong financial results, underlining its solid no. 2 position in the Dutch market when it comes to profitability and revenues. Today the annual results for the year ended 31 March 2008 were presented. Highlights for Vodafone Netherlands are:

• Service revenue of EUR 1,772 million (YoY growth of 8.9%)
• Total revenue of EUR 1,840 million (YoY growth of 9.9%)
• EBITDA of EUR 573 million (YoY growth of 8.9%)
• Total customer base of 4,252,000 (of which 42.8% are prepaid customers) with 214,000 net additions in the last quarter.
• Total voice minutes of 8,018 million in the year (YoY growth of 9.8%)
• Blended ARPU in the last quarter of EUR 35.8 per month with postpaid ARPU of EUR 55.0 and prepaid ARPU of EUR 9.4.

Guy Laurence, CEO of Vodafone Netherlands: "I am very pleased with these good results, again showing that we are the solid no. 2 operator in this fiercely competitive marketplace. Our customers can rely on Vodafone for its customer focus at every level of the company, resulting in the best products, tariffs and customer service. Our strategy is aimed at outgrowing the market and we are clearly delivering on that promise."

Recent milestones are:

• An unprecedented reduction of tariffs for internet on your laptop as of 3 January 2008, resulting in savings for customers of up to 50% nationally and up to 85% when roaming.
• Introduction of a data component in the very successful Vodafone Passport formula for consumers, valid on all networks in 42 Passport countries. Internet on your mobile when roaming results in savings for Passport customers of up to 85%.
• Blyk as new MVNO on the Vodafone network, starting services in the Netherlands after the summer of 2008.
• Introduction of Vodafone Onder Ons, a new proposition where one Vodafone customer pays EUR 10 a month and sets up a group with 3 others after which all 4 people can call each other limitless without extra costs.
• Announcement to offer fixed telephony for enterprise customers. With this, Vodafone can now fulfil all mobile and fixed communication needs of both consumer as well as enterprise customers. The fixed telephony service will go live in the next few months.
• Winning of the Golden Graham Award for Best Presentation in the Retailers category. The prize was awarded at the yearly TelecomGala.
• Exclusive deal with Madonna regarding the new album, with the first album release offered for free as music download via Vodafone live! ahead of regular shop sales. Cross-media opportunities supported the deal with customers being able to virtually attend Madonna’s concert from New York.
• Near perfect scores on Vodafone's UMTS network quality, speed and capacity, measured by the official Radio Communications Agency.
• Continued strong sales, online selfcare and electronic billing via Vodafone.nl and strengthening position in online and mobile advertising through active membership of for example IAB.

Apart from these examples of high quality, innovative products and services, Vodafone Netherlands also announced in October 2007 to open a second head office in Amsterdam to support the ambitious growth strategy of the company. Last week the first employees moved into the head office building in Amsterdam, which will eventually hold approx. 350 employees including the majority of the general management team. The decision for an Amsterdam head office is based on the need to be closer to where market trends emerge, closer to Vodafone's stakeholders, important customers and business partners.

In light of this, Vodafone Netherlands has become a member and/or sponsor of numerous communities in Amsterdam and the Randstad area.

About Vodafone Libertel B.V.
Vodafone is one of the largest mobile communications companies in the Netherlands and is part of the Vodafone Group, the world’s leading international mobile communications group with over 260 million proportionate customers as of 31 March 2008. Vodafone currently has equity interests in 25 countries across five continents and a further 42 partner networks worldwide.