Sale of Vodafone Italy and capital return

Outlined in FY23 results in May 2023 Results, reports & presentations | Vodafone IR

Recap of our new strategic roadmap

Where we’ve been

What we’re changing

Priorities

Consumer dominated organisation Inconsistent consumer experience

Balanced focus on Business + Consumer Consumer back-to-basics to win in the market

CUSTOMERS

SIMPLICITY

Leaner organisation focused on value Portfolio right-sized for growth

Complex structure

Sub-optimal capital allocation

GROWTH

Investor update ⫶ March 2024

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