MEDIA RELEASE
For immediate release January 31 2007

Vodafone Releases Q3 Results

QUARTER ENDED 31 DECEMBER 2006

Net customer additions / 89,000*
Total customer numbers / 2,200,000
Market share / n/a
Voice minute usage on network / 672 million
Average Revenue Per User* /
Total / $50.7
On Account / $128.9
Prepay / $23.7

*reported on a three-month rolling basis

Vodafone New Zealand’s results for the three months to 31 December 2007 show it picked up an extra 89,000 customers – and Vodafone attributes the rise to the popularity of its BestMate service.

BestMate was launched in November and allows customers access to unlimited voice, text and video calling to a nominated Vodafone number for $6 per month. Video calling on mobile phones is a service only available in New Zealand to Vodafone customers.

Customers are using their phones more, but paying less than they did a year ago.

CFO James Marsh says customers are able to get a lot more for their money, in a year where prices have come down dramatically and lower mobile termination rates were introduced. Voice usage in the last quarter was 672 million minutes – up from 616 million a year ago. Average Revenue Per User (ARPU) is down compared to last year, at $50.7 compared to $51.2.

“It’s been an excellent quarter for us. We bought ihug, we launched Vodafone 3G broadband so people can access broadband while on the move, and we launched the first of a raft of great new offers, such as BestMate.”

“Having the power of Vodafone Group behind us means we can offer the best range of handsets in New Zealand, the best international roaming and we have the ability to make a long term investment in New Zealand,” says James Marsh.

The comparative figures…

In the quarter to:

/ 30 Sept 2005 / 31 Dec 2005 / 31 Mar 2006 / 30 June 2006 / 30 Sept 2006 / 31 Dec 2006
Net customer additions / 27,000 / 68,000 / 44,000 / 32,000 / 11,000 / 89,000
Total customer numbers / 1,956,000 / 2,024,000 / 2,068,000 / 2,100,000 / 2,111,000 / 2,200,000
Market share / 54% / 52.9% / 52.5% / n/a / 54.5% / n/a
Voice minute usage on network / 559 million / 616 million / 602 million / 597 million / 597 million / 672 million
Average Revenue Per User (ARPU) / $51.0 / $51.2 / $51.2 / $46.6 / $46.6 / $50.7
On Account / $139.7 / $137.2 / $138.5 / $126.1 / $125.3 / $128.9
Prepay / $25.6 / $25.9 / $25.7 / $23.2 / $22.5 / $23.7

ENDS

www.vodafone.co.nz