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Investor Presentaiton

C: The action plan | Early execution examples 88 CUSTOMERS • €150m investment reallocated in FY24 towards customer experience • Brand spend increased €100m YoY • New SME customer journeys in Germany & UK SIMPLICITY 11k Europe role reductions in 'Group' & markets embedded in 3-yr plan First actions in Group, Germany & Italy • Targeted individual incentives for Business digital services Reinvesting for growth GROWTH Capex reallocated from lower to higher ROCE markets • Vodafone Spain under strategic review • €6.5 billion proceeds from Vantage Towers, Hungary & Ghana O vodafone 11 FY23 Results: May 2023
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