Complete Record Screen Deal N°: 135300 Deal type: Share buyback 0.4% Deal method of payment: Cash (900,000.00 th. EUR) Deal status: Announced Rumour date: 28/10/2002 Date announced: 28/10/2002 Expected completion date: 31/08/2003 Deal latest date: 28/10/2002 Deal value (millions): 900.00 EUR Equity value (millions): 225,000.00 EUR Estimated Enterprise value (millions): 241,978.07 EUR Target : Vodafone Group plc BvD ID No:  GB01833679 Country:  United Kingdom Activity:  Mobile telecommunications services Parent:  Grupo Salinas Acquiror : Vodafone Group plc BvD ID No:  GB01833679 Country:  United Kingdom Activity:  Mobile telecommunications services Parent:  Grupo Salinas Vendor : Acciona SA BvD ID No:  ESA08001851 Country:  Spain Activity:  Infrastructure services   Logistics and airport services   Telecommunications and media services Comments and deal rationale: Comments: On 28/10/02 it was announced that Vodafone Group plc had agreed a price with Acciona SA over Vodafone buying back 309 million Vodafone shares that Acciona owns, which corresponds to 0.4 per cent. The price fixed means that Vodafone will pay around EUR 900 million for the shares. Acciona will reportedly make a profit of around EUR 829 million on its original investment in this operation which also sees it totally leave Vodafone's capital. The operation is not expected to occur until August 2003. Financial information on: Vodafone Group plc - Consolidated   31/03/2002 Equity   Est. Enterp.   12 months value   value   th. EUR Multiples   Multiples   Turnover (operating revenue): 36,208,370.47 6.21   6.68 EBITDA: 3,236,484.68 69.52   74.77 EBIT: -18,756,395.54 n.s.   n.s. Profit before tax: -21,458,749.30 n.s.   - Profit after tax: -24,850,559.89 n.s. (1) - Total assets: 258,189,693.59 0.87   0.94 Shareholders funds: 206,952,749.30 1.09 (2) - Market capitalisation at month-end: 140,120,769.04 1.61   - (1) P/E ratio (2) Price to book value Deal values and financials are converted at deal date exchange rate.