Disposal

Vodafone Group PLC
24 August 2001


24 August 2001


VODAFONE SELLS ITS STAKE IN KOREAN MOBILE OPERATOR

Vodafone Group Plc ('Vodafone') announces today that it has agreed to sell its
11.68% equity stake in the Korean telecommunications company, Shinsegi
Telecomm, Inc. for an undisclosed amount to SK Telecom Co., Ltd.  The value of
the net assets being disposed of represents less than 1% of Vodafone's net
assets.

The transaction is expected to close shortly.

Vodafone was advised by Lazard.



For further information contact:

Vodafone Group Plc

Tim Brown, Group Corporate Affairs Director
Melissa Stimpson, Head of Group Investor Relations
Darren Jones, Senior Investor Relations Manager
Jon Earl, Investor Relations Manager
Telephone: [phone]


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