Business review Performance Governance Financials Additional information 157

Vodafone Group Plc Plc Group 2012 Report Annual – China Mobile Limited: We sold our entire 3.2% 3.2% entire our sold We Limited: Mobile China – – : We acquired an additional 22% stake in in stake 22% additional an acquired We India: – – India: The exercised its underwritten underwritten its exercised Group Essar The India: – – Poland: We sold our entire 24.4% interest in in interest 24.4% entire our sold We Poland: – – India: Piramal purchased a further 5.5% of VIL VIL of 5.5% further a purchased Piramal India: – – India: Piramal Healthcare Limited (‘Piramal’) (‘Piramal’) Limited Healthcare Piramal India: – – Qatar: Vodafone Qatar completed a public offering of of offering public a completed Qatar Vodafone Qatar: – – SFR: We sold our entire 44% interest in SFR to Vivendi Vivendi to SFR in interest 44% entire our sold We SFR: –

– Australia: merged with Hutchison Hutchison with merged Australia Vodafone Australia: – Other transactions that have occurred since 31 March 2009 are are 2009 March 31 since occurred have that transactions Other as follows: billion). (£0.6 billion 3.4 2009 QAR May 10 raising capital Qatar share 2009. authorised July its 22 of on 40.0% Exchange Qatar the on listed were 2009. shares The July 7 on network its on services full launched Australia Hutchison 2009Vodafone June 9 venture, joint 50:50 a form to Australia Limited. Pty billion. £4.3 of 2010 consideration September 10 cash for Limited Mobile China in interest call our exercised 2011 we March which 30/31 following VIL, of Group. Essar 22.0% the over by owned option VIL put of 11.0% billion remaining US$5 the is over options option two these under due consideration The total billion). (£3.1 final a received and billion) (£6.8 2011 June billion 16 €7.75 of consideration cash million). a for (£176 million €200 of SFR from dividend billion US$4.2 2011 of July June/1 1 consideration cash a for Group Essar the VIL from tax. withholding including (£2.6 billion) consideration cash a 2011 for August 18 Group Essar the from VIL of 5.5% purchased (£368 million). billion 28.6 of INR 2011 approximately of November 9 consideration cash for costs. Poland in transaction Polkomtel and tax before million) (£784 €920 million INR approximately 2012 of February 8 consideration to VIL a cash in for Group shareholding Essar total from the Piramal’s taking million) (£399 30.1 billion 11%. approximately

the merger with AirTouch Communications, Inc. which completed on on completed which Inc. Communications, AirTouch AirTouch with Vodafone to merger name the its changed Company The Vodafone name, 1999. former June its 30 to reverted then but 1999 June in Plc 2000; July 28 on Plc, Group on completed which AG in Mannesmann of businesses acquisition acquired we the transaction this Through SFR; in 2000. holding 12 April indirect our increased and Italy and we Germany 2004 and 1999 between of transactions disposed business then of was series This a Japan. through Vodafone in stake 97.7% a acquired 2006; April in 27 on interests controlling with companies for Limited, acquired we Essar 2007 May Vodafone 8 on formerly (‘VIL’), Limited India Vodafone and billion); (£5.5 billion US$10.9 in stake 15.0% additional an On 18 May acquired we 2009 billion). April 20 (£1.6 on billion 20.6 ZAR of consideration cash for subsidiary. a became Vodacom 2009 a a a a a a a a a a The Company was incorporated under English law in 1984 as Racal Racal as 1984 in law English under various After incorporated was Company 1833679). The number (registered offered Limited was Radio capital share Strategic Plc Telecom Racal of demerged 20% fully was changes, name Company The 1988. in October in company public independent to the an became and Plc Vodafone to Electronics name its from Racal changed it time which at 1991, September Group Plc. enhanced which transactions various into entered transactions have we these of then Since significant most The presence. international our follows: as were History and development and History