Cash Offer for MBC

Vodafone Group PLC
9 May 2001



9 May 2001



CASH OFFER FOR MOBILE COMMUNICATIONS HOLDINGS LIMITED



Vodafone Group Plc ('Vodafone') today announces that its subsidiary, Vodafone
Investments Australia Limited ('VIAL'), intends to make a cash offer of
approximately A$200 million (the 'Offer') for Mobile Communications Holdings
Limited ('MBC').  MBC holds 4.5% of Vodafone Pacific Limited.  The Offer Price
is A$4.05 in cash for each MBC Share.


The Offer is subject to a number of conditions, including that VIAL satisfies
the prerequisites for compulsory acquisition of any remaining MBC shares.  The
Offer is also subject to Foreign Investment Review Board approval.


                                   - ends -


For further information:
Tim Brown, Group Corporate Affairs Director
Melissa Stimpson, Head of Group Investor Relations
Jon Earl, Investor Relations Manager
Darren Jones, Investor Relations Manager
At Vodafone Group Plc
Tel:  [phone]



Lulu Bridges/Sarah Landgrebe
Tavistock Communications
Tel:  [phone]