Notes to the abridged annual financial statements

for the year ended 31 March 2009

BASIS OF PREPARATION

These abridged annual financial statements of Vodacom Group Limited ("the Group") have been prepared in accordance with the recognition and measurement criteria of the International Financial Reporting Standards as issued by the International Accounting Standards Board and comply with the disclosure requirements of IAS 34: Interim Financial Reporting. The abridged annual financial statements have been prepared on the historical cost basis, except for financial assets and financial liabilities (including derivative instruments) recorded at fair value or at amortised cost. The abridged annual financial statements have been presented in South African rand, as this is the currency in which the majority of the Group’s transactions are denominated.

The principal accounting policies are consistent in all material respects with those applied in the previous period, except where disclosed elsewhere and the accounting policies are available for inspection at the Group's registered office

There have been no material changes in estimates of amounts reported in prior interim periods of the current financial year or reported in previous years.