Director Shareholding

Vodafone Group Plc
28 July 2003

Vodafone Group Plc ('the Company')


In accordance with Section 329 of the Companies Act 1985, I have to inform you
that today Sir Christopher Gent, the Chief Executive of the Company, exercised
an option granted to him in July 1997 under the terms of the Vodafone Group Plc
Share Option Scheme (a share scheme not approved by the Inland Revenue) over
178,000 ordinary shares of US$0.10 each in the capital of the Company at an
exercise price of 58.7p per share. Subsequently, 36,096 of the shares were sold
at a price of 118.75p per share to satisfy the tax liability arising on the
exercise of the option. As a result of this transaction, Sir Christopher has an
increased interest, excluding unexercised share options and incentive shares, of
3,997,756 shares in the Company.


I also have to inform you that today Lady Paula MacLaurin (wife of the Chairman
of the Company) transferred, by way of gift to a family member, 2,000 ordinary
shares of US$0.10 each in the capital of the Company. Following this
transaction, Lord MacLaurin has an interest in 92,495 shares in the Company.




Stephen Scott
Company Secretary


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