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VODAFONE GROUP PLC
Further to its announcement on 13 November 2012 regarding the commencement of a £1.5 billion share buyback programme, Vodafone Group Plc ("Vodafone") announces that it has entered into an agreement with Barclays Bank PLC and Barclays Capital Securities Limited (together "Barclays") under which it has issued an irrevocable instruction starting from 10 December 2012 to Barclays for Barclays to manage part of the share buyback programme. Barclays will carry out the instruction through the acquisition by Barclays Bank PLC or Barclays Capital Securities Limited of ordinary shares of US$0.11 3/7 each in Vodafone ("Shares") for subsequent purchase by Vodafone. The instruction to Barclays will run for the period from 10 December 2012 and end no later than 20 February 2013 (the "Period"), for an amount of no greater than £550 million, as is determined in accordance with the agreement between Vodafone and Barclays.
The purchase of Shares in the Period by Vodafone following the agreement with Barclays and the £1.5 billion share buyback programme will be executed at all times only in accordance with Vodafone's authority to make market purchases of Shares.
Barclays may undertake transactions in Shares (which may include sales and hedging activities, in addition to purchases which may take place on any available trading venue or on an over the counter basis) during the Period in order to manage its market exposure under the programme. Disclosure of such transactions will not be made by Barclays as a result of or as part of the programme, but Barclays will continue to make any disclosures it is otherwise legally required to make. Disclosure of the purchase of Shares by Vodafone will only be made via RNS by 7am on the business day following such purchases.
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