Vodafone Group Plc announced the launch of its offers to purchase for cash in three concurrent, but separate offers, (i) any and all of its outstanding 4.125% Notes due May 2025 (the "Any and All Notes"), of which $1,500,000,000 is outstanding; (ii) up to $440,000,000 aggregate principal amount of its 6.150% Notes due February 2037 (the 2037 Notes); and (iii) up to $730,000,000 aggregate principal amount of its 4.375% Notes due February 2043 (the "2043 Notes", and together with the 2037 Notes, the "Maximum Tender Offer Notes", and together with the Any and All Notes, the "Notes") upon the terms of, and subject to the conditions in, the offer to purchase datedJune 25, 2024 (the "Offer to Purchase") and, in the case of the Any and All Notes only, the accompanying notice of guaranteed delivery (the Notice of Guaranteed Delivery, together with the Offer to Purchase, the Tender Offer Documents), including the New Financing Condition. Each offer to purchase each series of Notes is referred to herein as an "Offer" and the offers to purchase the Notes as the "Offers." The offer to purchase the Any and All Notes is referred to herein as the "Any and All Tender Offer" and the offers to purchase the Maximum Tender Offer Notes are referred to herein as the "Maximum Tender Offers." Capitalised terms not otherwise defined in this announcement have the same meaning as assigned to them in the Offer to Purchase. Holders are advised to read carefully the Tender Offer Documents for full details of, and information on the procedures for participating in, the Offers.

All documentation relating to the Offers, including the Tender Offer Documents, together with any updates, are available at the following website: https://deals.is.kroll.com/vodafone-usd. The Offers, the Concurrent Euro Tender Offers and the issuance of the New Notes are being undertaken to, among other things, proactively manage the Company's outstanding debt portfolio. Concurrently with the launch of the Offers, the Company has commenced cash tender offers to purchase any and all of its outstanding ?1,000,000,000 1.875% Notes due 2025, ?1,000,000,000 1.125% Notes due 2025 and ?1,750,000,000 2.2% Notes due 2026, of which a total of ?3,750,000,000 is outstanding (the "Concurrent Euro Tender Offers").

The Company is today, June 25, 2024, announcing its intention to issue new U.S. dollar-denominated notes, subject to market conditions (the New Notes). Whether the Company will accept for purchase any Notes validly tendered in the Offers and complete the Offers is subject, without limitation, to the successful completion (in the sole and absolute determination of the Company) of the issuance of the New Notes (the New Financing Condition). In addition to the applicable consideration, Holders whose Notes are accepted for purchase will be paid the Accrued Interest thereon.

Interest will cease to accrue on the applicable Settlement Date for all Notes accepted in the Offers. For avoidance of doubt, interest will cease to accrue on the Any and All Settlement Date for all Any and All Notes accepted in the Any and All Tender Offer, including Any and All Notes that are delivered pursuant to the Guaranteed Delivery Procedures. All Notes accepted in the Offers will be canceled and retired by Vodafone.

The Company has retained Merrill Lynch International and Santander US Capital Markets LLC as Dealer Managers and Kroll Issuer Services Limited as Information and Tender Agent (the Information and Tender Agent) for the purposes of the Offers.