Publication Of Circular Relating To The Proposed Disposal Of Vodafone’s US Group Whose Principal Asset Is Its 45% Interest In Verizon Wireless, Proposed Return Of Value To Shareholders And Other Matters

Vodafone announces today that the shareholder circular (the "Circular") relating to the proposed disposal of its US group whose principal asset is its 45% interest in Verizon Wireless ("VZW"), the related acquisition of the outstanding minority stake in Vodafone Italy (together, the "Transactions"), the proposed return of value to shareholders (“Return of Value”), the related consolidation of the Company’s ordinary shares (the “Share Consolidation”) and other matters, has been approved by the UK Listing Authority and is available for viewing on the Company’s website www.vodafone.com/investor

The Circular contains notices convening a Court Meeting to be held at 11.00 a.m. on 28 January 2014 and a General Meeting to be held at 11.15 a.m. on the same day, to consider and, if thought fit, approve the Transactions, the Return of Value, the Share Consolidation and related matters. Both meetings will be held at the Hilton London Metropole Hotel, 225 Edgware Road, London W2 1JU.

The Circular will be posted to shareholders shortly, together with forms of proxy for the Court Meeting and the General Meeting, a guide for certificated shareholders which provides assistance on the Transactions, the Return of Value, the Share Consolidation and on completing the related forms, and other accompanying documents. A copy of the Circular has been submitted to the National Storage Mechanism and will shortly be available for inspection at: www.morningstar.co.uk/uk/NSM

The Transactions and the Return of Value remain subject to customary closing conditions, including approval by shareholders at the Court Meeting and the General Meeting and approval by Verizon shareholders. The Transactions and the Return of Value are expected to complete on or around 21 February 2014. Further details of the Transactions, the Return of Value and the Share Consolidation, and of the expected timetable of events leading to their completion, are set out in the Circular.

Expected timetable of principal events:

Enquiries:

Vodafone Group

Investor Relations
Tel: +44 (0) 7919 990 230

Media Relations
Tel: +44 (0) 1635 664 444

All terms not defined in this announcement shall have the meaning given to them in the announcement on 2 September 2013.

Certain information contained in this announcement constitutes “forward-looking statements,” which can be identified by the use of terms such as “may”, “will”, “should”, “expect”, “anticipate”, “project”, “estimate”, “intend”, “continue,” “target” or “believe” (or the negatives thereof) or other variations thereon or comparable terminology. Such statements express the intentions, opinions, or current expectations of Vodafone with respect to possible future events and are based on current plans, estimates and forecasts which Vodafone has made to the best of its knowledge but which do not claim to be correct in the future. Due to various risks and uncertainties, actual events or results or actual performance of the Company may differ materially from those reflected or contemplated in such forward-looking statements. No assurances can be given that the forward-looking statements in this announcement will be realised. As a result, recipients should not rely on such forward-looking statements. Subject to compliance with applicable law and regulations, Vodafone undertakes no obligation to update these forward-looking statements. No representation or warranty is made as to the achievement or reasonableness of such forward-looking statements. No statement in this announcement is intended to be nor may be construed as a profit forecast.

This announcement does not constitute, or form part, of any offer or invitation to sell, allot or issue or any solicitation of any offer to purchase or subscribe for any securities, nor shall it (or any part of it) form the basis of, or be relied on in connection with, or act as any inducement to enter into, any contract or commitment for securities. No investment decision should be taken in relation to any matter discussed herein except in reliance upon the formal documentation relating to this transaction.

The distribution of this announcement in certain jurisdictions may be restricted and accordingly it is the responsibility of any person into whose possession the announcement comes to inform themselves about and observe such restrictions.