Exhibit 7

Unaudited computation of ratio of earnings to fixed
charges
	Year ended 31 March
Under UK GAAP (unaudited)	2005		2004		2003		2002		2001
	£m		£m		£m		£m		£m
Fixed charges
Interest payable by subsidiaries	995		1,091		1,123		971		1,156
Add: One third of rental expense	446		451		449		308		233
Add: Preference dividends	71		77		85		94		91
	1,512		1,619		1,657		1,373		1,480
Earnings
(Loss)/profit on ordinary activities before taxation	(4,702	)	(5,047	)	(6,208	)	(13,539	)	(8,086	)
Less: Share of profit/(loss) in joint ventures and associated
undertakings	1,193		546		(156	)	(1,457	)	(550	)
Less: Share of net interest payable of joint ventures and
associated undertakings	(211	)	(215	)	(295	)	(342	)	(327	)
Less: Loss on ordinary activities before taxation - discontinued
operations	-		(7	)	(272	)	(428	)	-
	(5,684	)	(5,371	)	(5,485	)	(11,312	)	(7,209	)
Add: Fixed charges	1,512		1,619		1,657		1,373		1,480
Add: Cash received from associated undertakings and joint
ventures	2,020		1,801		742		139		353
Less: Preference dividends	71		77		85		94		91
	(2,223	)	(2,028	)	(3,171	)	(9,894	)	(5,467	)
Ratio of earnings to fixed charges	-		-		-		-		-
Deficiency between fixed charges and earnings	(3,735	)	(3,647	)	(4,828	)	(11,267	)	(6,947	)
	Year ended 31 March
Under US GAAP (unaudited) (a)	2005		2004		2003		2002		2001
	£m		£m		£m		£m		£m
Fixed charges
Fixed charges (UK GAAP)	1,512		1,619		1,657		1,373		1,480
Less: One third of rental expense for Vodafone Italy	71		71		2		2		-
Add: Interest payable to Vodafone Italy	90		51		40		20		12
Fixed charges (US GAAP)	1,531		1,599		1,695		1,391		1,492
Earnings
Earnings (UK GAAP)	(2,223	)	(2,028	)	(3,171	)	(9,894	)	(5,467	)
Adjusted for:
Less: Profit/(loss) on ordinary activities before tax of Vodafone
Italy (a)	(1,522	)	(1,343	)	(1,955	)	(2,135	)	(2,239	)
Add: Interest payable to Vodafone Italy (a)	(91	)	(51	)	(40	)	(20	)	(12	)
Add: Connection income	16		29		16		(15	)	(54	)
Add: Goodwill amortisation charge of subsidiary companies	(6,482	)	(6,520	)	(5,487	)	(5,120	)	(3,034	)
Add: Licence fee amortisation	(436	)	(76	)	(6	)	-		-
Add: Exceptional items - US GAAP	246		-		-		(85	)	-
Add: Reorganisation costs	-		-		-		-		84
Add: Other	(118	)	(137	)	(46	)	(53	)	(87	)
Add: UK GAAP to US GAAP adjustments to fixed charges	19		(20	)	38		18		12
Earnings (US GAAP)	(7,546	)	(7,460	)	(6,741	)	(13,034	)	(6,319	)
Ratio of earnings to fixed charges	-		-		-		-		-
Deficiency between fixed charges and earnings	(9,077	)	(9,059	)	(8,436	)	(14,425	)	(7,811	)

(a)  For discussion of significant differences between UK GAAP and US GAAP and a reconciliation of net income between amounts calculated under UK GAAP and under US GAAP, see Note 36 to the Consolidated Financial Statements.

The US GAAP fixed charges and earnings have been restated for the years ended 31 March 2004, 2003, 2002 and 2001 to exclude the amounts of Vodafone Italy which is an equity investee under US GAAP and to treat Japan Telecom as discontinued operations.