Vodafone Group Plc Directorate Change (7994D)

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RNS Number : 7994D

Vodafone Group Plc

01 April 2014

Vodafone Group plc

Tuesday 1st April 2014

Retirement of Chief Financial Officer, Andy Halford

As previously announced, after almost nine years in role, Andy Halford retired from Vodafone at the end of March 2014.

The information required to be made available pursuant to section 430 (2B) of the Companies Act 2006 (to the extent it has been finally determined) is set out below.

Payment in lieu of notice

Andy Halford retired on 31 March 2014. As per his contract Andy Halford had a 12 months' notice period which commenced on 1 October 2013. He worked 6 months of his notice period - until the end of the financial year. We will be making payments in lieu of notice each month for the remainder of Andy Halford's notice period (1 April 2014 - 30 September 2014). The total of these payments will be a maximum of GBP350,000 (six months' salary) subject to mitigation if Andy were to start a new full-time executive role at another organisation.

2014 Annual bonus payment

Andy Halford has worked for the full 2013/14 financial year and so he will receive his annual bonus payment in June 2014. The amount of his 2014 annual bonus will be confirmed in the 2014 Directors' Remuneration Report. There will be no annual bonus payment for the 2014/15 financial year.

Long term incentive awards

The 2012, 2013 and 2014 GLTI awards (made in June 2011, July 2012, June 2013 and September 2013) will be pro-rated on a time worked basis. These awards will vest, subject to performance, at their normal vesting date, in accordance with the good leaver provisions in our share plan rules. This information will be updated in the 2014, 2015 and 2016 Directors' Remuneration Reports.

Vodafone Sim Card

At a meeting of the Remuneration Committee held on 1 April 2014, a Resolution was passed approving the provision of a SIM card to Andy Halford for his personal use at the Company's expense for a period of 3 years commencing 1 April 2014.

Benefits

Other than those aforementioned, Andy Halford will receive no further benefits.

He took early retirement from the pension scheme in 2010 and he has been in receipt of his pension since then.

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