Vodafone Group Plc ("Vodafone") announces that on 4 December 2003 it purchased 17,751,490 shares in Vodafone-Panafon Hellenic Telecommunications Company S.A. ("Panafon"). These market purchases were effected at a price per Panafon share of EUR 6.18 or below, for an aggregate consideration of approximately EUR 110 million. As a result, Vodafone's direct and indirect shareholding in Panafon will increase from approximately 77.503 per cent. to approximately 80.769 per cent.
Vodafone expects to continue to make market purchases at a price per Panafon share of EUR 6.18 or below.
For further information:
Vodafone Group
Tim Brown, Group Corporate Affairs Director
Tel: +44 (0) 1635 673310
Investor Relations
Melissa Stimpson
Darren Jones
Tel: +44 (0) 1635 673310
Media Relations
Bobby Leach
Ben Padovan
Tel: +44 (0) 1635 673310
Goldman Sachs International
Simon Dingemans
Tel: +44 (0) 20 7774 1000
