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e& Announces USD 5.95 Billion Sale of Vodafone Investment

ABU DHABI, UAE , July 10, 2026 -- Following a comprehensive strategic review of its international investment portfolio, Emirates Telecommunications Group Company PJSC ( e& ) announced the termination of its Relationship Agreement with Vodafone Group PLC ( Vodafone ). In connection with this, e& s Board representative has stepped down from his position as a non-executive Director of Vodafone. Following the termination of the Relationship Agreement, e& has signed a binding agreement with Vega, an acquisition vehicle wholly owned by the Niel family group, to divest its entire holding of 3,944,743,685 ordinary shares in Vodafone, representing approximately 16.21% of Vodafone s issued share capital and 17.13% of its total voting rights, for a total consideration of 112.5 GBp per share. This comprises approximately 110.5 GBp per share in cash from the buyer and Vodafone s final FY26 dividend (of 2.02 GBp per share, to be received on 30 July 2026).