EXHIBIT 21
PRINCIPAL SUBSIDIARY UNDERTAKINGS, ASSOCIATED
UNDERTAKINGS AND INVESTMENTS
1. PRINCIPAL SUBSIDIARY UNDERTAKINGS
The following table shows Vodafone's principal subsidiary undertakings,
being those which are considered by Vodafone to be likely to have a significant
effect on the assessment of the assets, liabilities, financial position and/or
profits and losses of Vodafone.
COUNTRY OF
INCORPORATION
OR PERCENTAGE
NAME REGISTRATION ACTIVITY SHAREHOLDING
- ------------------------------------------------------ -------------- --------------------------- ---------------
Vodafone UK Limited England Holding company 100
Vodafone Limited England Cellular network operator 100
Vodafone Distribution Limited England Holding company 100
Vodafone Central Services Limited England Provision of customer
services 100
Vodafone Corporate Limited England Service provider 100
Vodafone M.C. Mobile Services Limited England Service provider 100
Vodafone Connect Limited England Service provider 100
Vodafone (NI) Limited Northern
Ireland Service provider 100
Vodafone Retail (Holdings) Limited England Holding company 100
Vodafone Retail Limited England Holding company 100
Peoples Phone Limited England Service provider 100
Astec Communications Limited England Service provider 100
Vodafone Finance Limited England Financial trading company 100
Vodafone Group Services Limited England Provision of central
services 100
Vodafone Paging Limited England Radiopaging network
operator 100
Vodafone Satellite Services Limited England Globalstar satellite
consortium 100
Vodafone Value Added and Data Services Limited England Supply of value added
services and packet radio
network operator 100
Vodafone Europe Holdings B.V. Netherlands Holding company 100
Libertel Groep B.V. Netherlands Holding company 70
Libertel B.V. Netherlands Cellular network operator 70
Libertel Verkoop en Services B.V. Netherlands Service provider 70
Vodafone Malta Limited Malta Cellular network operator 80
Vodafone Gibraltar Limited Gibraltar Investment company 100
Vodafone Australasia Pty Limited Australia Holding company 100
COUNTRY OF
INCORPORATION
OR PERCENTAGE
NAME REGISTRATION ACTIVITY SHAREHOLDING
- ------------------------------------------------------ -------------- --------------------------- ---------------
Vodafone Holdings Australia Pty Limited Australia Cellular network operator 91
Vodafone Pty Limited Australia Service provider 91
Talkland Retail Australia Limited England(*) Service provider and
retailer 91
Vodac Pty Limited Australia Service provider 100
Vodacall Pty Limited Australia Service provider 100
Panafon SA Greece Cellular network operator 55
Panavox SA Greece Service provider 55
Vodafone New Zealand Limited New Zealand Cellular network operator 100
Vodafone Mobile NZ Limited New Zealand Licence Holder 100
- ------------------------
(*) Incorporated in England, principal place of business in Australia.
2. PRINCIPAL ASSOCIATED UNDERTAKINGS
Vodafone Group's principal associated undertakings all have share capital
consisting solely of ordinary shares unless otherwise stated. The country of
incorporation or registration of all associated undertakings is also their
principal place of operation.
COUNTRY OF
INCORPORATION
OR PERCENTAGE
NAME REGISTRATION ACTIVITY SHAREHOLDING(*)
- ---------------------------------------------------- -------------- -------------------------- -------------------
Celtel Limited Uganda Cellular network operator 37
Comfone AG Switzerland Roaming services provider 50
Europolitan Holdings AB Sweden Holding company for
cellular network 20
Martin Dawes Telecommunications Limited England Service provider 20
Mobile Telecom Group Limited England Holding Company for
service provider 20
Societe Francaise du Radiotelephone S.A. France Cellular network operator 20
Page U.K. Limited Scotland Paging service provider 50
Misrfone Telecommunications Company SAE Egypt Cellular network operator 30
Vodafone Fiji Limited Fiji Cellular network operator 49
Vodacom Group (Pty) Limited South Africa Holding company 32
Vodacom (Pty) Limited South Africa Cellular network operator 32
2
COUNTRY OF
INCORPORATION
OR PERCENTAGE
NAME REGISTRATION ACTIVITY SHAREHOLDING(*)
- ---------------------------------------------------- -------------- -------------------------- -------------------
Vodac (Pty) Limited South Africa Service provider 32
Vodacom Equipment Company (Pty) Limited South Africa Supply of cellular radio
telephone equipment 32
- ------------------------
(*) To nearest whole percentage.
3. PRINCIPAL INVESTMENTS
The shareholdings in investments consist solely of ordinary shares unless
otherwise stated. The principal country of operation for the investments is the
same as the country of incorporation or registration.
COUNTRY OF
INCORPORATION
OR PERCENTAGE
NAME REGISTRATION ACTIVITY SHAREHOLDING(A)
- ---------------------------------------------------- -------------- -------------------------- -------------------
E-Plus Mobilfunk GmbH Germany Cellular network operator 17
Globalstar L.P.(b) USA Development of satellite
telecommunications service 3
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(a) To nearest whole percentage.
(b) Partnership interest.
3