DEM Bond Tender Offer

Vodafone Group Plc
01 April 2003

Not for distribution or release into the United States



1 April 2003



                    VODAFONE LAUNCHES DEM BOND TENDER OFFER

Vodafone Group Plc ('Vodafone') today announces a cash tender offer to purchase
the DEM 400,000,000 5.5% Notes due 2008 (the 'Bonds') issued by its wholly owned
subsidiary Vodafone Americas Inc. (previously AirTouch Communications, Inc.) and
guaranteed by Vodafone (the 'Tender Offer').

Vodafone is seeking to gain efficiencies by reducing the number of issuers in
the Vodafone Group with debt securities outstanding. Vodafone intends to
purchase any tendered Bonds out of existing cash resources.

The Tender Offer will expire at 5.00 p.m. Central European time, on 11 April
2003 unless terminated earlier by Vodafone in its sole discretion. Lehman
Brothers is acting as Dealer Manager in the Tender Offer.

Under the terms of the Tender Offer, the total payment for each Bond will be
determined by reference to the fixed spread over the bid yield to maturity of
the reference bund listed in the table below at 11.00 a.m. Central European time
on 11 April 2003, plus accrued and unpaid interest to, but excluding, 16 April
2003.


Bonds                     Securities Code       Reference          Bloomberg        Fixed Spread
                                                Bund               Screen           (in basis points)

DEM 400,000,000           ISIN:XS0089158066     Bund 5.25% due     PXGB             + 65
5.5% Notes due 24 July     WKN 248908           January 2008
2008



Holders wishing to sell Bonds pursuant to the Tender Offer should contact Lehman
Brothers at the telephone number set forth below between 9.00 a.m. and 6.00 p.m.
Central European time on any business day in London or place an order through
Euroclear or Clearstream from today until 5.00 p.m. Central European time on the
date on which the Tender Offer expires. Payment for tendered Bonds will be made
in same day funds on 16 April 2003.



For further information:



Vodafone Group

Tim Brown, Group Corporate Affairs Director
Melissa Stimpson, Director of Group Investor Relations
Bobby Leach, Head of Group Financial Media Relations
Darren Jones, Senior Investor Relations Manager
Tel:  [phone]



Tavistock Communications

Lulu Bridges / John West
Tel:  [phone]



Lehman Brothers

Alex Menounos
Tel: [phone]



This press release does not constitute, or form part of, any offer or invitation
to sell any securities in any jurisdiction nor shall it (or any part of it), or
the fact of its distribution, form the basis of or be relied on in connection
with any contract therefor. The Tender Offer is not being made and will not be
made directly or indirectly in, or by use of the mail of, or by any means or
instrumentality of interstate or foreign commerce of, or any facilities of a
national securities exchange of, the United States of America. This includes,
but is not limited to, facsimile transmission, electronic mail, telex, telephone
and the Internet. Accordingly, this press release and copies of any documents
related to the Tender Offer are not being, and must not be, mailed or otherwise
transmitted or distributed in or into the United States of America. Any
purported offer in response to the Tender Offer resulting directly or indirectly
from a violation of these restrictions will be invalid.  No securities or other
forms of consideration are being solicited from a resident of the United States
of America, and if sent in response by a resident of the United States of
America will not be accepted.  No indications of interest in the offer are
sought by this press release.



                                    - ends -


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