About Group Plc

April 2017

Vodafone is one of the world’s largest telecoms operators

countries in which we have 26 mobile operations

countries in which we have fixed 17 operations

49 Partner Markets countries where enterprises can 109 get 4G coverage for Internet of Things devices countries connected by 100 our submarine cables

market capitalisation £55bn (April 3 2017) 2 History of the Group

Sale of 45% Incorporated as Racal Acquisition of Acquisition of Vodafone Sale of interest interest in Strategic Radio Limited Mannesmann AG, controlling stake in Netherlands in SFR in France acquiring further Vodafone Essar (now merged with Wireless businesses in Europe Vodafone ) in the Demerger from Acquisition of Netherlands. Racal and full listing Disposal Hellas Online in on the LSE of Greece interest Acquisition of in China Ono in Spain Mobile 2012 2013 1984 1991 1999 2000 2006 2007 2009 2010 2011 2014 2016 Acquisition of Ownership of TelstraClear Vodafone in New Australia and Italy Zealand Merger with AirTouch merged increased to 100% Communications, Disposal of with Acquisition of formation of Verizon Vodafone Japan Hutchinson Cable and Acquisition of Wireless (Vodafone Australia Wireless Cobra held a 45% stake) Acquisition of Telsim Worldwide in UK Automotive in (now Vodafone Turkey) Italy Acquisition of Kabel Deutschland in Germany 3 4 Unifying communications

The world’s second largest mobile operator - 470m customers 14.3m fixed broadband customers - 13.1m in Europe TV in eight markets - 9.7m customers 5 205m mobile customers in India alone

6 Our Next Generation Network passes 58% of European households1

European households can access 38m Vodafone’s superfast broadband1

when wholesale agreements 90m are included1

7 1. Includes VodafoneZiggo, Enterprise accounts for over a quarter of Group revenue • Vodafone Global Enterprise provides services for around 1,700 of the world’s largest businesses • World’s #1 provider of IoT services –

• World’s #1carrier of international voice minutes • Cloud & Hosting services provided to around1,200 private sector and enterprise businesses

8 M-Pesa provides financial freedom to millions of people

Launched in Kenya in 2007 Available in 10 countries

287,000 agents 29.5m active customers 9 Project Spring completed in 2016 The largest and fastest investment programme in Vodafone history £19bn 203,000 115,000 102,000 CapEx invested 2G, 3G and 4G sites mobile sites upgraded sites upgraded to high added with single RAN capacity backhaul

10 The largest international mobile network

91% 4G outdoor coverage in Europe

Indian circles where we

17 provide 4G

3G/4G outdoor coverage 86% ≥1Mbps across rest of AMAP

Countries in which 4G 109 roaming is available

11 Best network for data • 65m Vodafone customers use 4G • 4G available in 22 countries (all of Europe) • In Europe 91% of data is delivered at speeds • 4G+ available in 19 countries fast enough to stream a HD video (≥3mbps)

12 184bn

13 13 In Europe, Vodafone customers now use 1.5Gb of data every month on their smartphones.

14 Vodafone has 133m mobile data users in emerging markets

15 15 In India, 3G data usage per customer is similar to Europe 16 16 Group financial summary FY 2015/16

€55.9bn €15.8bn €4.3bn €1.3bn 6.90c 14.48c Revenue EBITDA Adjusted Free cash flow Adjusted earnings Total dividends operating profit per share per share

17 Vodafone’s strategy A converged communications leader

Core Number Growth engines footprint 1 or 2 in mobile • Data • Fixed • Enterprise Europe, Path to Unified Africa and India communications

18 Thank you