Sale of shareholding in VodafoneZiggo completes

Vodafone Group Plc ("Vodafone") announces it has completed the sale of its interests in VodafoneZiggo Group Holding B.V. ("VodafoneZiggo") to Liberty Global Ltd ("Liberty Global").

The transaction consideration comprises €1.0 billion in cash and a 10% shareholding in Ziggo Group, which will own 100% of both VodafoneZiggo and Liberty Global's Belgian subsidiary, Telenet Group Holding ("Telenet")¹.

As part of the transaction, Vodafone and Liberty Global have also agreed that Vodafone will continue to provide certain services, including brand licensing, to VodafoneZiggo with expected charges of €625 million over the next 10 years.

Proceeds from this sale will be used to reduce Vodafone Group net debt.

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Notes

1. Excluding the economic benefit of 50% of Telenet's shareholding in the fibre-to-the-home network infrastructure vehicle Wyre B.V., which will be retained by Liberty Global.

About Vodafone

Vodafone is a leading European and African telecoms company.

We serve around 370 million mobile and broadband customers, operating networks in 17 countries with investments in a further three and partners in over 40 more. We have capacity on more than 70 subsea cable systems - the backbone of the internet - and we are developing a new direct-to-mobile satellite communications service to connect areas without coverage. Vodafone runs one of the world's largest IoT platforms, with over 240 million IoT connections globally, and we provide financial services to around 103 million customers across eight African countries - managing more transactions than any other provider.

From the seabed to the stars, Vodafone's mission is to connect everyone.

For more information, please visit https://www.vodafone.com follow us on X at @VodafoneGroup or connect with us on LinkedIn at https://www.linkedin.com/company/vodafone.