Further to the announcement on 4 December 2025, Vodafone Group Plc (“Vodafone”) announces that its African subsidiary, Vodacom Group Ltd (“Vodacom”) has completed the acquisition of an effective 20% of the issued share capital in Safaricom Plc (“Safaricom”), increasing its shareholding to 55%.

Vodacom acquired 15% from the Government of Kenya for a cash consideration of KES 204 billion (€1.36 billion¹) and 5% from Vodafone² for a cash consideration of KES 68 billion (€0.45 billion¹).

Safaricom will now be fully consolidated by both Vodacom and Vodafone, which gain controlling ownership of one of Africa's most successful telecoms and financial services businesses.

Notes

1. Based on foreign exchange rate of 1 Euro:150.5 Kenyan shilling.
2. Vodafone, through its subsidiary Vodafone International Holdings B.V., sold its remaining 12.5% stake in Vodafone Kenya Limited (equivalent to an effective 5% stake in Safaricom) to Vodacom.