Director Shareholding

Vodafone Group Plc
07 January 2004

Vodafone Group Plc ('the Company')



In accordance with Section 329 of the Companies Act 1985, I have to inform you
that today Kenneth John Hydon, a director 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 522,000
ordinary shares of US$0.10 each in the capital of the Company at an exercise
price of 58.7p per share.  Subsequently, 440,458 of the shares were sold at a
price of 144.75p per share primarily to satisfy the costs of and the tax
liability arising on the exercise of the option.  The option was scheduled to
lapse, if not exercised, in July 2004.



As a result of this transaction, Mr Hydon has an increased interest, excluding
unexercised share options and incentive shares, of 2,309,554 shares in the
Company.





Stephen Scott
Group General Counsel and Company Secretary


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