J-Phone Vodafone Presentation

Vodafone Group PLC
28 February 2002


28 February 2002

                        Vodafone Presentation on J-Phone

The management of J-Phone Vodafone ('J-Phone'), a subsidiary of Vodafone Group
Plc ('Vodafone'), will today provide an overview of J-Phone to analysts and
investors in London.  The presentation will be introduced by Sir Christopher
Gent, who will also confirm that there are no changes to the statements made at
the Interim Results in November 2001, regarding Vodafone's expected performance
in the second half of the current financial year or for the year to March 2003.

The presentation will include an overview of the Japanese mobile market, the
J-Phone organisation, J-Phone's wireless Internet activities and plans for 3G
services together with a review of key performance indicators and cost
efficiency initiatives.

Darryl Green, J-Phone President, and John Durkin, Chief Financial Officer, will
outline their strategy to create additional shareholder value by realising the
full potential of J-Phone through long term growth and margin improvement,
through:

Driving and securing the top line through customer growth and market share gain,
effective management of churn, brand repositioning and building corporate sales;
and

Building on data innovation through data APRU growth by building on the success
and innovation of the J-Sky portal and Sha-mail; and

Pushing value to the bottom line by rationalising handset procurement, channel
incentives and subsidies together with improving capital expenditure discipline;
and

Securing the future through the launch of 2.5G and 3G networks; and

Aligning the organisation by driving synergies from merging the J-Phone
operating companies into one and establishing a new leadership team; and

Leveraging membership of the Vodafone Group by benefiting from global
procurement, sharing best practice, research and development collaboration and a
global network.

                                    - ends -

For further information:

Vodafone Group Plc

Tim Brown, Group Corporate Affairs Director

Melissa Stimpson, Head of Group Investor Relations

Bobby Leach, Head of Group Financial Media Relations

Jon Earl, Senior Investor Relations Manager

Darren Jones, Senior Investor Relations Manager

Tel:  [phone]



Tavistock Communications

Lulu Bridges / John West

Tel:  [phone]


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