Sale of Vodafone Italy and capital return

Highlights

Reshaped Vodafone footprint focused on growing markets, with strong positions and local scale

Value-creating sale of Vodafone Italy for € 8 billion

Dividend rebased to 4.5c 1 + € 4bn buyback programme

Investor update ⫶ March 2024

9

1. From FY25. Dividend intended to be maintained at 9c for FY24

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