Directors' Dealings

VODAFONE AIRTOUCH PLC 28 September 1999 Vodafone AirTouch Plc (the 'Company') In accordance with Section 329 of the Companies Act 1985, I have to inform you that the Company has been notified today of exercises of share options by the following directors of the Company and the subsequent sale of the shares (in the form of American Depositary Receipts) on the following dates at the following prices: Dates of transactions No of ADRs Average option Average sale exercise price price per ADR US$ US$ Samuel L Ginn 23-24 Sept 99 250,000 30.25 223.77 Mohan S Gyani 23 Sept 99 152,500 67.52 219.80 Arun Sarin 23 Sept 99 62,500 30.25 226.88 As a result of these transactions, the directors named have outstanding interests in the Company's ordinary shares, as follows: Samuel L Ginn - 6,110,750 shares, including unexercised options Mohan S Gyani - 862,120 shares, including unexercised options Arun Sarin - 3,723,440 shares, including unexercised options All holdings are maintained in the form of ADRs. The ADR ratio is ten (10) ordinary shares per ADR.
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