Vodafone confirms its €8 billion sale of Vodafone Italy to Swisscom AG will proceed without shareholder approval, following changes to UK Listing Rules on July 29, 2024. The transaction, classified as significant, is expected to have a neutral impact on Vodafone's net assets and maintain a leverage policy of 2.25x - 2.75x Net debt to Adjusted EBITDAaL.The Board affirms the deal's alignment with security holders' interests. Key risks include potential regulatory approval failure and liability under transaction documentation. For the 12 months ended March 31, 2024, Vodafone Italy reported gross assets of €12 billion and a loss before tax of €268 million.Vodafone, a leading European and African telecoms company, serves over 330 million customers across 15 countries, excluding Italy. The company aims for net zero emissions by 2040 and operates one of the world's largest IoT platforms. Further details on the transaction will be announced prior to completion, in accordance with UK Listing Rules.

Vodafone confirms its €8 billion sale of Vodafone Italy to Swisscom AG will proceed without shareholder approval, following changes to UK Listing Rules on July 29, 2024. The transaction, classified as significant, is expected to have a neutral impact on Vodafone's net assets and maintain a leverage policy of 2.25x - 2.75x Net debt to Adjusted EBITDAaL.The Board affirms the deal's alignment with security holders' interests. Key risks include potential regulatory approval failure and liability under transaction documentation. For the 12 months ended March 31, 2024, Vodafone Italy reported gross assets of €12 billion and a loss before tax of €268 million.Vodafone, a leading European and African telecoms company, serves over 330 million customers across 15 countries, excluding Italy. The company aims for net zero emissions by 2040 and operates one of the world's largest IoT platforms. Further details on the transaction will be announced prior to completion, in accordance with UK Listing Rules.