Exercise of Options

Vodafone Group Plc
12 July 2005

                               VODAFONE GROUP PLC

                              EXERCISE OF OPTIONS



Vodafone Group Plc ('Vodafone') announces that on 11 July 2005 13,877,887 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 11,701,139 shares exercised under
option and to allot and issue ordinary shares of US$0.10 each to satisfy
2,176,748 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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