News release

Tokyo, July 14, 2004

The V401SA’s main feature is an FM radio tuner that lets customers enjoy FM broadcasts in stereo sound. Customers can also take photos*2 and enjoy the Vodafone live! mobile internet service while listening to FM radio broadcasts simultaneously. In addition, the V401SA supports the "Now on Air"*3 function so customers can retrieve song titles and artists names in real time while they listen to the radio.

The main features of the V401SA are as follows:

• Built-in FM radio tuner for stereo broadcast enjoyment 
• Possible to operate handset while listening to FM radio broadcasts 
• Lots of storage for saving photos, easy printing 
• Advanced slide-type design

For more information on the V401SA, please see the attached appendix.

Vodafone K.K. announced today that from July 15 it will offer the V401SA by Sanyo which features a built-in FM radio tuner.

- The V401SA is available in the Japanese market only for use on Vodafone K.K.’s PDC network.

2-5-1 Atago, Minato-ku, Tokyo 105-6205 Japan

Vodafone K.K., formerly J-PHONE Co., Ltd., is a leading mobile operator in Japan with over 15 million customers and a subsidiary of Vodafone Group Plc, the world’s largest mobile community. The Tokyo-based company offers a wide range of sophisticated mobile voice and data services including Vodafone live!, which provides e-mail and internet access to 86% of its customers, and Sha-mail, the pioneering picture messaging service first introduced in November 2000 that now has over 12 million users. In December 2002, Vodafone K.K. launched the world’s first commercial 3G W-CDMA service based on 3GPP, the international standard. Vodafone K.K.’s 3G service offers its customers fast data speeds in Japan and roaming on 135 networks in 95 countries and regions as of June 30, 2004. For more information, please visit www.vodafone.jp

Main Features of the V401SA (Manufactured by Sanyo) Appendix

1. - Built-in FM radio tuner for stereo broadcast enjoyment