Earnings release for the FY2003 ended March 31, 2004 - 6

About Vodafone Holdings K.K.

Vodafone Holdings K.K., formerly JAPAN TELECOM HOLDINGS Co., Ltd., provides mobile services through its 45.1% interest in its subsidiary Vodafone K.K. Vodafone Holdings K.K. is listed on the Tokyo Stock Exchange and the Osaka Securities Exchange, with Vodafone Group Plc holding an indirect interest of 66.7% in the company. Separately from Vodafone Holdings, Vodafone Group Plc also holds an indirect 39.7% interest in Vodafone K.K., giving it a total economic interest of approximately 69.7% in Vodafone K.K. Vodafone Holdings' other significant assets are 100% stakes in Japan System Solution Co., Ltd. and Telecom Express Co., Ltd. For more information, please visit www.vodafone-holdings.co.jp

About Vodafone K.K.

Vodafone K.K., formerly J-PHONE Co., Ltd., is a leading mobile operator in Japan with over 15 million customers and a subsidiary of Vodafone Group Plc, the world's largest mobile community. The Tokyo-based company offers a wide range of sophisticated mobile voice and data services including Vodafone live!, which provides e-mail and internet access to 86% of its customers, and Sha-mail, the pioneering picture messaging service first introduced in November 2000 that now has over 11 million users. In December 2002, Vodafone K.K. launched the world's first commercial 3G W-CDMA service based on 3GPP, the international standard. Vodafone K.K.'s 3G service offers its customers fast data speeds in Japan and roaming on 127 networks in 93 countries and regions as of April 19, 2004. For more information, please visit www.vodafone.jp