Vodafone AirTouch Plc today announces that the Supervisory Board of Mannesmann AG ("Mannesmann") has approved the sale of Mannesmann Tubes to Salzgitter. Accordingly, the repositioning of the telecommunications and the engineering and industrial businesses of Mannesmann has almost been completed. Prior to the sale to Salzgitter, Mannesmann undertook a capital restructuring, increasing Mannesmann's holding in Mannesmannröhren-Werke to 99.3% and made a further financial contribution, at a total cost of approximately EUR 260 million.

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