Disposal

Vodafone Group PLC
26 March 2002


26 March 2002


VODAFONE'S ARCOR RECEIVES EURO 1BN IN PART PAYMENT FOR AGREED SALE OF TELEMATIK

Vodafone Group Plc ('Vodafone') announces today that, following all necessary
approvals, Arcor AG & Co. ('Arcor'), a 73.6% subsidiary of Vodafone AG, has
received approximately Euro 1 billion from Deutsche Bahn AG group ('Deutsche
Bahn') in connection with the agreement for the sale of the railway specific
fixed-line telecommunications activities of Arcor, Arcor DB Telematik GmbH
('Telematik'). This is part of the overall purchase price of Euro 1.15 billion
(£708.8 million). The sale is expected to complete in April 2002 following
registration in the German commercial register ('Handelsregister').

                                    - ends -

For further information contact:



Vodafone Group Plc

Tim Brown, Group Corporate Affairs Director

Melissa Stimpson, Head of Group Investor Relations

Bobby Leach, Head of Group Financial Media Relations

Darren Jones, Senior Investor Relations Manager

Tel:  [phone]



Tavistock Communications

John West

Tel:  [phone]



NOTES TO EDITORS



1. On completion, Arcor will sell 49.9% of Telematik's equity to Deutsche Bahn
and enter into a put/call arrangement governing the remaining 50.1%, which will
be exercisable at the earliest from 1 July 2002.



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