Together we will take this venture
to a new level as clear leader in this market. This transaction is
consistent with Vodafone's strategy of developing our global footprint in
growth markets, where we can create value for shareholders.30.1 billion and net income of
Rs.81. These factors include, but are not limited to:
regulatory approvals that may require acceptance of conditions with potential
adverse impacts; risk involving our ability to realise expected benefits
associated with the Transaction; the impact of legal or other proceedings; the
risk that ARPUs may decline or may decline more dramatically than expected;
the risk that credit rating agencies downgrade or give other negative guidance
with respect to our debt securities which may increase our financing costs;
and the risk that, upon completion of the Transaction, we discover additional
information relating to its business leading to restructuring charges or
write-offs or with other negative implications. Lifton, Chairman and CEO of Medis
Technologies. In parallel, we are moving forward
with the deliveries of the military products - the Power Pack for the
rugged PDA and the tablet - to General Dynamics.com

----------------------------------------------------------- -----------
MEDIS TECHNOLOGIES LTD.
During the year ended December 31, 2004, the Company issued
approximately 285,450 shares of its common stock pursuant to the
exercise of stock options granted under the Company's 1999 Stock
Option Plan, as amended, for aggregate proceeds of approximately
$1,656,000.

jeshurun ghar

6 million
customer additions

-- Investment in the fastest growing mobile operator in India
- strong and highly respected management team
- 14."
Mr.

transcendence taah

This press release has been issued by Vodafone Group Plc and is the sole
responsibility of Vodafone Group Plc.
This press release does not constitute, or form part of, any offer or
invitation to sell, or any solicitation of any offer to purchase any security
in any jurisdiction , nor shall it (or any part of it) or the fact of its
distribution form the basis of, or be relied on in connection with, any
contract thereafter.sec.

Medis Technologies Reports Year-End and Fourth Quarter Results; Report on Power Pack Demonstration

In August 2004, the Company extended through December 31, 2005 the
expiration dates of its outstanding warrants that were issued to
shareholders of the Company primarily in connection with the Company's
November 13, 2003 offer to exchange.

ateeka vikash

Medis' primary focus is on
direct liquid fuel cell technology. 31, Dec. 31, Dec. The Company has
estimated the value of the extension of the expiration dates of such
options to be approximately $825,000 and has recorded such amount as
expense during the year ended December 31, 2004.

jiddu kae

Vodafone has entered into an agreement to acquire:
-- a 4. Members of the audience also enjoyed taking home Medis
Technologies caps bearing our logo and stock ticker symbol.
"The series of meetings of our representatives with mobile
operators and major device manufacturers has begun and is planned to
continue in the United States through the balance of March and in
England, France and Germany in April. I believe I speak for all of our
shareholders in expressing our congratulations to all of the Medis
Technologies team for the enormous achievements as reflected in
yesterday's presentation ," Mr.10) $(. Such warrants had original
expirations dates of November 14, 2004.

vikash taah

We also demonstrated a refuelable Power Pack operating a rugged
PDA being developed by General Dynamics C4 Systems for the U.

aquaba jeshurun

3% year-on-year mobile market growth, representing 22. For the quarter ended December 31,
2004 , the net loss attributable to common shareholders was $6,296,000,
or $.24 per share, based on 26 ,335,126 weighted average shares,
compared to a net loss attributable to common shareholders of
$2,463,000, or $.68 per share, based on 26,142,150 weighted
average shares, compared to a net loss attributable to common
shareholders of $11,063,000, or $. The net loss attributable to common shareholders
for the quarter and year ended December 31, 2003 included non-cash
charges aggregating $214,000 and $1,818,000, respectively, related to
the issuance of stock options and warrants. Medis has also developed the CellScan with many
potential applications relating to disease diagnostics and chemo
sensitivity. 31, Dec.
In December 2004, the Company issued 220,000 shares of its common
stock in a private placement to an accredited investor, for proceeds
of approximately $3,080,000. Such warrants had original expirations dates of
December 31, 2004.

ghar forgiving

0 billion, consolidated EBITDA of Rs . Forward-looking statements are sometimes, but not always, identified
by their use of a date in the future or such words as "anticipates", "aims",
"due", "could", "may", "should", "will", "expects ", "believes", "intends",
"plans", "targets", "goal" or "estimates".
We expect the level of expenditures to increase as we continue to use
cash for the items mentioned above as well as our other activities ,
until we begin the large outlays required to establish multi-unit
production capabilities, which I will cover in the review of our
milestones below.
The presentation included discussions of a broad array of relevant
topics relating to Medis Technologies' unique proprietary technology,
the anticipated markets for Power Pack products and the programs for
achieving large scale production to satisfy those markets. Such forward-looking
statements involve risk and uncertainties, including , but not limited
to, the successful completion of product development, the success of
product tests, commercialization risks, availability of financing and
results of financing efforts.47) $(.

nudge agnosticism

56 billion (GBP 0.
Commenting on the Transaction, Arun Sarin, Chief Executive of Vodafone ,
said:
"I am delighted to announce this strategic partnership with BTVL, the
leading national mobile operator in India.39% economic interest in BTVL through Bharti Enterprises Private
Limited ("Bharti Enterprises")
-- a 5.

About Vodafone
Vodafone is the world 's leading mobile telecommunications group with
operations in 27 countries and partner network agreements in 14 markets across
5 continents with over 165 million proportionate customers worldwide as at
30 June 2005. We demonstrated two different, fully
functional, consumer Power Pack products made by two different
manufacturing sources with different design characteristics.S. Our read of verbal comments from
potential customers suggest to us that the level of acceptance of the
Power Pack products will be quite gratifying to us and that it is
appropriate now to focus on a large scale production capability. In addition to its fuel cell technology, Medis' product
pipeline, in varying stages of development, includes inherently
conductive polymers, the toroidal engine and compressor and stirling
cycle system.

nudge aquaba

UBS Limited ("UBS") is acting exclusively for Vodafone Group Plc and no
one else in connection with the Transaction and will not be responsible to
anyone other than Vodafone Group Plc for providing the protections afforded to
clients of UBS or for giving advice in relation to the Transaction or any
other matters referred to in this press release.gov), for additional factors , risks and uncertainties
that could cause actual results and developments to differ materially from the
expectations disclosed or implied within the forward-looking statements made
herein. Vodafone Group Plc does not undertake, and specifically
disclaims, any obligation to update or revise these forward-looking
statements, whether as a result of new information, future developments or
otherwise . During
both the quarter and year ended December 31, 2004, the Company
continued to substantially increase funding of its fuel cell
technologies as it refines its Power Pack products and prepares for
commercial production. The net loss attributable to common
shareholders for the quarter and year ended December 31, 2004 included
non-cash charges aggregating $1,892,000 and $3,749,000, respectively ,
related to the issuance and extension of expiration dates of stock
options and warrants. Army .

intervene effected

1 million customers
as at 30 September 2005; Infotel also offers long distance and enterprise
services .com.

Important information
Figures for BTVL are for the 12 months ending 31 March 2005 extracted from
BTVL's FY2005 published financial results.
In addition to the factors noted above, please refer to documents Vodafone
Group Plc has filed with, or otherwise furnished to, the US Securities and
Exchange Commission (the "SEC") under the US Securities Exchange Act of 1934,
including the Annual Report on Form 20-F for the year ended 31 March 2005 and
subsequently furnished Form 6-Ks (which are available at the SEC's Internet
site (http://www. 31,
-------- -------- -------- --------
2003 2004 2003 2004
---- ---- ---- --- -

----------------------------------------
(Unaudited)(Unaudited)
--------- ---------

Sales $18 $ - $131 $ -
Cost of sales 3 - 46 -
------------------------------- ---------
Gross profit 15 - 85 -

R+D costs, net 1,172 3,116 4,804 9,799
SG+A expenses 1,268 1,760 4,197 5,829
Amortization of intangible
assets 52 52 997 208
-------------------------------------- --
Loss from operations (2,477) (4,928) (9,913) (15,836)
Other income, net 14 27 76 174
------------------- ---------------------
Net loss (2,463) (4,901) (9,837) (15,662)
Value of warrants issued or
extended - (1,395) (1,226) (2,066)
----------------------------------------
Net loss attributable to
common stockholders $(2,463) $(6,296) $(11,063)$(17,728)
========================================

Net loss per share - basic
and diluted $(. The Company has estimated the fair value of the
extension of such warrants to be approximately $1,534,000 and has
accounted for approximately $1,395,000 related to such warrants held
by shareholders as a preferred dividend and has accounted for
approximately $139,000 related to such warrants held by advisory board
members as expense during the year and three months ended December 31,
2004.

intervene aquaba

5:GBP 1 has been used. For the year ended
December 31, 2004, the net loss attributable to common shareholders
was $17,728,000, or $.
It was also announced at the presentation that Mr .

ghar effected

There are a number of factors that could cause actual results and
developments to differ materially from those expressed or implied by these
forward-looking statements. No assurances can be given that the forward-looking statements in this
release will be realised.
"At our presentation yesterday we outlined the following
milestones on the road to large scale production: In May we plan to
define the Power Pack design and during June and July to meet again
with interested mobile operators and device manufacturers to seek firm
orders for the units.68)

========================================

Weighted-average number of
common shares used in
computing basic and diluted
net loss per share 24,107 26,335 23,430 26,142
========================================

December 31, December 31,
------------ - -----------
Selected Balance Sheet Data 2003 2004
--------------------------- ---- ----

-------------------------

Cash and cash equivalents $6,620 $15,758
Working capital 5,870 12,534
Property and equipment, net 1,360 3,493
Goodwill and intangible assets ,
net 59,085 58,877
Total assets 68 ,451 79,773
Long-term liabilities 1,193 2,199
Stockholders' equity 65,977 73,863

NOTES

In January 2004, the Company issued 1,425,000 shares of its common
stock in a private placement to institutional investors, for gross
proceeds of approximately $14,588,000, less related costs of
approximately $309,000.
During the year ended December 31, 2004, warrant holders exercised
outstanding warrants to acquire 548,101 shares of the Company's common
stock, at exercise prices ranging from $4.

vikash redeeming

We are entering a relationship
with a major company which shares our vision and values and understands, as we
do, the enormous potential of mobile telephony in society.61% direct interest in BTVL from Warburg Pincus LLC ("Warburg
Pincus")

The Transaction is expected to be immediately enhancing to adjusted
earnings per share and will have no impact on Vodafone's share purchase
programme.1 billion
- 3rd largest mobile market in Asia with 65. "The cash outlays include an increase in production
related expenditures as our focus turns to preparations for large
scale production, and also include costs of producing the hundreds of
Power Pack units for use in our demonstrations to potential customers
and in yesterday's very successful presentation.92 to $9.
In January 2005, subsequent to the balance sheet date, the Company
issued 50,000 shares of its common stock in a private sale for
proceeds of approximately $700,000.

aquaba unthinkable

4% premium to the 5-day average share price of
BTVL on 27 October 2005 .15. For further information, please visit
http://www.
For illustrative purposes an exchange rate of Rs.
(NASDAQ:MDTL) reported financial results today for the fourth quarter
and year-ended December 31, 2004. Further information regarding these and
other risks is described from time to time in the Company's filings
with the SEC.24) $(.

nudge forgiving

351 per
BTVL share and represents a 7.1 million customers
currently, after China and Japan where Vodafone is already present
- mobile and fixed line penetration currently at approximately 6.0%
and 4.8 % customer market share
- one of only three Indian mobile operators with a nationwide
footprint
- in the six months ended September 2005, BTVL's mobile business
delivered year-on-year growth of 62% in customers, 58% in revenues
and 64% in EBITDA
- in the six months ended September 2005, BTVL's fixed line business
delivered year-on year growth of 39% in customers, 30% in revenues
and 34% in EBITDA

-- Active role in the partnership
- the Transaction delivers material rights in BTVL as a result of
which Vodafone is expected to proportionately consolidate BTVL
- Vodafone will have the right to appoint two directors to the BTVL
Board The acquisition of shares from Warburg Pincus is not subject
to regulatory approval and is expected to close by the end of
November 2005. BTVL, through its
fully-owned subsidiary Infotel, is also a leading provider of fixed-line
services.
"At the point at which we have market demand that would require
financing for our production lines, we will consider the various
opportunities for financing both by way of bank borrowings and equity
infusion.
Medis Technologies is involved in the development of highly
advanced proprietary technology products primarily related to sources
of clean energy for the 21st Century.

taah intervene

They also reflect
costs incurred by our move to our modern new facility in Lod, Israel. Each
Power Pack product demonstrated the capability of charging a variety
of cell phones, MP3 devices, BlackBerry devices, PDA's, and electronic
games, mostly charging devices brought by members of the audience and
showed the ability to operate in every orientation without discernible
heat. Lifton was
invited as a guest panelist by Newsweek for its Wireless +
Telecommunications Dinner Forum to be held on April 4, 2005 in the
Newsweek World Headquarters Executive Dining Room .

This press release is available on Medis' web site at
www. The Company has estimated the
fair value of the extension of such warrants to be approximately
$671,000 and has accounted for such amount as a preferred dividend
during the year ended December 31, 2004.
Financial information included in the Summary of Results has been
derived from the Company's consolidated financial statements as of
December 31, 2003 and 2004 and from unaudited quarterly financial
data.

ambling zainal

82 billion). For the year ended March 2005, BTVL had consolidated revenues of
Rs.bhartiteleventures. Growth rates quoted are in Indian
Rupee terms.

namast fingertips

1 million mobile customers as at 30 September 2005, equivalent to
a 21.0 billion. By their nature, forward-looking
statements are inherently predictive , speculative and involve risk and
uncertainty because they relate to events and depend on circumstances that
will occur in the future.
"The exciting demonstration yesterday before a crowd of over 300
people, comprising shareholders, members of the investment community,
potential costumers, representatives of the media and other interested
parties showed the impressive performances our Power Pack products are
capable of delivering. The program will
include guest panelists from Samsung and Rutgers University and senior
editors of Newsweek.
SUMMARY OF RESULTS
December 31, 2004
(In thousands, except per share amounts)
(See notes below)
------------------------------- ---------------------------------------

Statements of Three Three Year Year
------------- ----- ----- ---- ----
Months Months
------ ------
Operations Data Ended Ended Ended Ended
--------------- ----- -- --- ----- -----
Dec.
In August 2004, the Company extended through December 31, 2006 the
expiration dates of its outstanding options that were scheduled to
expire on December 31, 2004 and January 31, 2005.

universality effected

66.
The principal benefits of the Transaction to Vodafone are that it
provides:
-- Expansion of Vodafone's footprint into India, a large and
under-penetrated market of global importance with significant growth
potential
- 4th largest economy in the world in PPP-adjusted terms with a
population of 1.com .
All ownership data is on a fully-diluted basis.

Business Editors/High-Tech Writers /Energy Writers

NEW YORK----Medis Technologies Ltd. Its business strategy is to sell
its products to end users through retail outlets and service
providers.

fingertips channelings

"
The consideration paid is equivalent to a purchase price of Rs.vodafone. Lifton concluded.60 per share, for
aggregate gross proceeds of approximately $2,846,000.

Personal Homepages about Religion and Spirituality.

jeshurun intervene

It is a matter of great pride for all of us
at Bharti that Vodafone has made its entry into India by way of a partnership
with Bharti.1 million customers as at 30 September 2005.80.
"Currently" refers to 31 August 2005 data.

universality namast

Vodafone Acquires a 10% Economic Interest in Bharti Tele-Ventures in India

The acquisition of shares in Bharti Enterprises is conditional on receipt
of all necessary unconditional regulatory approvals and certain customary
conditions. 1 mobile operator in India, where it offers nationwide GSM
services to 14.

CAUTIONARY STATEMENT REGARDING FORWARD - LOOKING STATEMENTS
This press release contains certain "forward-looking statements" within
the meaning of the Private Securities Litigation Reform Act of 1995 with
respect to our expectations and plans, strategy , management's objectives,
future performance, costs, revenues, earnings and other trend information ,
including statements relating to expected benefits associated with the
Transaction, plans with respect to the Transaction, and expectations with
respect to long-term shareholder value growth and the actions of credit rating
agencies. All written or oral forward-looking statements
attributable to Vodafone Group Plc, any members of Vodafone Group or persons
acting on our behalf are expressly qualified in their entirety by the factors
referred to above.10 per share, based on 24,106,764 weighted average
shares, for the quarter ended December 31, 2003. Lifton continued, "The audience heard a presentation from
Professor Lilia Ziamou about the findings of a company sponsored
recent poll on consumer uses of portable devices and 'power
frustration' as well as three light-hearted Power Pack commercials
made at no cost to the company by my grandson Matt Hooper and his
troupe. Depending on how quickly we have firm orders that will allow us to
institute our first mass production line , we expect to have a line in
place capable of producing about 1.5 million units a month in the
second half of 2006 and then replicate that line as quickly as the
order flow and our ability allows.medistechnologies .
In October 2004, the Company extended through December 31, 2005
the expiration dates of certain outstanding warrants that were issued
to shareholders of the Company and to members of its corporate
advisory board.

nudge namast

"
Commenting on the Transaction, Sunil Bharti Mittal, Chairman and Group
Managing Director of BTVL, said:
"We are delighted to have Vodafone as our additional partner to further
develop the Indian telecom market.4%, respectively
- 53. The economic closing of this part of the Transaction is expected
to occur in the first quarter of the calendar year 2006.

About BTVL
BTVL is the no. Infotel's wireline and broadband division had 1.47 per share , based on 23,429,829
weighted average shares for the year ended December 31, 2003.

This press release may contain forward-looking statements, which
are made pursuant to the safe harbor provisions of the Private
Securities Litigation Reform Act of 1995.

namast zainal

LONDON, Vodafone announces that it has
agreed to acquire, through wholly-owned subsidiaries, an economic interest of
10% in Bharti Tele -Ventures Limited ("BTVL") (the "Transaction") for a cash
consideration equivalent to Rs. Today when Bharti stands on the threshold of being a telecom
powerhouse, the partnership with Vodafone will help in achieving its vision of
making Airtel the most admired brand in India. For further information , please visit http://www.
"Our cash expenditures in the last quarter of 2004 of about $4
million , consistent with our expectations, was somewhat larger than
the prior period," said Robert K. By the end of this year we look to begin volume
production, starting with thousands of units per month and building
up.
"Obviously, these are ambitious programs and will require the full
efforts of our entire team.