Exercise of Options

Vodafone Group Plc
07 July 2005


                               VODAFONE GROUP PLC
                              EXERCISE OF OPTIONS


Vodafone Group Plc ('Vodafone') announces that on 6 July 2005 13,039,179 shares
under option were exercised by participants in its employee share schemes.

Vodafone intends to transfer ordinary shares of US$0.10 each, which were
previously held as treasury shares, to satisfy 11,759,815 shares exercised under
option and to allot and issue ordinary shares of US$0.10 each to satisfy
1,279,364 shares exercised under option.


This announcement does not constitute, or form part of, an offer or any
solicitation of an offer for securities in any jurisdiction.


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