Vodafone Group Plc announced the early results of its previously announced offers to purchase for cash the outstanding notes of the series upon the terms of, and subject to the conditions in, the offer to purchase dated July 29, 2024 (the "Offer to Purchase"). 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." Capitalized terms not otherwise defined in this announcement have the same meaning as assigned to them in the Offer to Purchase, including the Financing Condition. On August 1, 2024, VIFD, an indirect wholly owned subsidiary of the Company, closed the offering of ?600,000,000 3.375% Notes due 2033 (the "New Notes").

The proceeds from the issuance of the New Notes, together with existing cash balances, are expected to fund the Offers. As a result, the Financing Condition has been satisfied with respect to the Offers. In respect of accepted Notes that were delivered at or prior to the Early Tender Time, the Company expects the Early Settlement Date to occur on the third business day after the Early Tender Time, August 14, 2024.

Holders that validly tendered and did not validly withdraw their Notes at or prior to the Early Tender Time and whose Notes are accepted for purchase will receive the Total Consideration, together with an amount equal to the Accrued Interest thereon. The Total Consideration for each series of Notes accepted for purchase will be determined at or around 10:00 a.m., New York City time, on August 12, 2024 in accordance with standard market practices and as described in the Offer to Purchase. When calculated in this manner, the Total Consideration already includes the Early Tender Premium.

The amount of a series of Notes that will be purchased in the Offers will be based on the Acceptance Priority Levels set forth in the table above. As a result, all Pool 1 Notes and Pool 2 Notes validly tendered and not validly withdrawn at or prior to the Early Tender Time having a higher Acceptance Priority Level (with 1 being higher) will be accepted before any tendered Notes within such Pool having a lower Acceptance Priority Level (with 2 being lower). Because the aggregate principal amount of Pool 2 Notes and Pool 3 Notes validly tendered and not validly withdrawn at or prior to the Early Tender Time have an aggregate principal amount that exceeds the relevant Pool Maximum Tender Amount, the Company has accepted Pool 2 Notes and Pool 3 Notes for purchase in accordance with the applicable Pool Maximum Tender Amount and, where applicable, the Acceptance Priority Levels and, in respect of the 2030 Notes and 2031 Notes, the Company has accepted such Notes for purchase on a prorated basis as described in the Offer to Purchase and using the proration factors specified in the table above.

All Pool 1 Notes validly tendered and not validly withdrawn at or prior to the Early Tender Time shall be accepted, without proration. Because the applicable Pool Maximum Tender Amount has been reached with respect to the Pool 2 Notes and Pool 3 Notes based upon the aggregate principal amount of Pool 2 Notes and Pool 3 Notes tendered as of the Early Tender Time, Pool 2 Notes and Pool 3 Notes tendered after the Early Tender Time will not be accepted. Holders who have not yet tendered their Pool 1 Notes have until 5:00 p.m., New York City time, on August 26, 2024, unless extended or earlier terminated by the Company in its sole and absolute discretion (such date and time, including as extended or earlier terminated, the "Expiration Date") to tender their Pool 1 Notes.

Holders of Pool 1 Notes who validly tender their Pool 1 Notes after the Early Tender Time and at or prior to the Expiration Date in the manner described in the Offer to Purchase will not be eligible to receive the Early Tender Premium and will therefore only be eligible to receive the applicable Total Consideration minus the applicable Early Tender Premium (the "Late Tender Offer Consideration"), together with an amount equal to the Accrued Interest thereon. In addition to the Total Consideration and Late Tender Offer Consideration, as applicable, 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.