Vodafone AGM 2008

The following presentations are being made only to, and are only directed at, persons to whom such presentations may lawfully be communicated (“relevant persons”). Any person who is not a relevant person should not act or rely on these presentations or any of their contents. Any information in these presentations relating to the price at which relevant investments have been bought or sold in the past, or the yield on such investments, cannot be relied upon as a guide to the future performance of such investments. These presentations do not constitute an offering of securities or otherwise constitute an invitation or inducement to any person to underwrite, subscribe for or otherwise acquire securities in any company within the Group. The presentations contain forward-looking statements which are subject to risks and uncertainties because they relate to future events. In particular, such forward-looking statements include, without limitation, statements with respect to Vodafone’s expectations as to: expected savings from cost reduction initiatives; expected growth in emerging markets; the expected completion of the acquisition of Alltel Corp. by Verizon Wireless and the anticipated cost savings associated therewith; the development and introduction of new products and services; the ability to meet previously announced performance targets and to continue to achieve profitable growth; the effect of the recently announced share repurchase programme on earnings per share; and expected dividends. Some of the factors which may cause actual results to differ from these forward-looking statements can be found by referring to the information under the headings “Cautionary Statement Regarding Forward-Looking Statements” and “Principal Risk Factors and Uncertainties” in Vodafone Group Plc’s Annual Report for the year ended 31 March 2008. The Annual Report can be found on our website (www.vodafone.com). The presentations also contain certain non-GAAP financial information. The Group’s management believes these measures provide valuable additional information in understanding the performance of the Group or the Group’s businesses because they provide measures used by the Group to assess performance. Although these measures are important in the management of the business, they should not be viewed as replacements for, but rather as complementary to, the comparable GAAP measures. Vodafone and the Vodafone logos are trade marks of the Vodafone Group. Your access and use of this website (the "Site") is governed by the Terms and Conditions of the Site, which are accessible by clicking on the link at the foot of this page. In particular, you may not copy or use any part of the webcast for any commercial purpose.