Vodafone Regulatory News (VOD)

5 June 2017

VODAFONE AND LG UPLUS ANNOUNCE STRATEGIC PARTNERSHIP AGREEMENT

FOR SOUTH KOREA

Vodafone and LG UPlus today jointly announced a new Partner Market agreement for South Korea, the first strategic partnership by LG Uplus with a global telecommunications company since the company's founding in 2010.

Under the new partnership, which commenced on 1 April 2017, Vodafone will draw on its global reach and experience to support the consumer and enterprise operations of LG Uplus. Vodafone will share best practices with LG Uplus across all areas of their business, including network strategy and development, with LG Uplus benefiting from Vodafone's knowledge and experience to help improve their customer base management capabilities.

Vodafone and LG Uplus will also cooperate to offer unified communications and enterprise services to multinational companies with a presence in South Korea and internationally.

Vodafone Partner Markets Chief Executive Diego Massidda commented, "Our new partnership will enable LG Uplus to benefit from Vodafone expertise and experience, in addition to access to our global enterprise products and services. I am delighted that LG Uplus has joined our Partner Market network and I look forward to building on our relationship in the coming years."

Youngsoo Kwon, Chief Executive for LG Uplus said: "Vodafone is one of the world's leading telecommunications companies and close cooperation will enable us to streamline and improve our existing business performance and pioneer new areas. Vodafone is the ideal partner to help our drive to become world-class."

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For further information:

LG Uplus

Global Business Team

global@lguplus.co.kr

About Vodafone Group

Vodafone Group is one of the world's largest telecommunications companies and provides a range of services including voice, messaging, data and fixed communications. Vodafone Group has mobile operations in 26 countries, partners with mobile networks in 49 more, and fixed broadband operations in 17 markets. As of 31 March 2017, Vodafone Group had 515.7 million mobile customers and 17.9 million fixed broadband customers, including India and all of the customers in Vodafone's joint ventures and associates. For more information, please visit: www.vodafone.com.

About Vodafone Partner Markets

Vodafone's Partner Markets team works to form strategic alliances with operators all over the world, partnering to offer a range of global products and services that extend Vodafone's reach into local markets. Vodafone Partner Market agreements vary from roaming and service resale to full partner branding. Established in 2002, Vodafone Partner Markets now partners with 31 companies in 49 countries.

About LG Uplus

LG Uplus is focusing on providing customer-centric services composed of Mobile, B2B solutions and TPS (Triple Play Service: Broadband, VoIP and IPTV). As of the first quarter of 2017, LG Uplus had 12.6 million mobile subscribers and 3.67 million broadband subscribers.