Vodafone Group Public Limited Company (LSE:VOD) (?Vodafone?) noted December 18, 2023 announcement from iliad S.A. regarding a proposed merger of Vodafone Italy (Vodafone Italia S.p.A.) and Iliad Italy (Iliad Italia S.p.A.). Consistent with its previous statements, Vodafone is supportive of in-market consolidation in countries where it is not achieving appropriate returns on invested capital and confirms it is exploring options with several parties to achieve this in Italy, including through a merger or a disposal. There can be no certainty that any transaction will ultimately be agreed.

If required, a further announcement will be made when appropriate.