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ADVERTISEMENT
This communication is deemed an advertisement for the purposes of the U.K. prospectus rules and is not
a prospectus or a prospectus equivalent document. Any decision to subscribe for, purchase,
otherwise acquire, sell or otherwise dispose of any Verizon Communications Inc. shares must be
made only on the basis of the information contained in and incorporated by reference into the U.K.
prospectus expected to be published by Verizon in connection with the proposed transaction with
Vodafone Group Plc. Copies of the U.K. prospectus will be available from Verizons
registered offices and on Verizons website at
FORWARD-LOOKING STATEMENTS
In this communication we have made forward-looking statements. These statements are based on
our estimates and assumptions and are subject to risks and uncertainties. Forward-looking
statements include the information concerning our possible or assumed future results of
operations. Forward-looking statements also include those preceded or followed by the words anticipates, believes,
estimates, hopes or similar expressions. For those statements, we claim the
protection of the safe harbor for forward-looking statements contained in the Private
Securities Litigation Reform Act of 1995. The following important factors, along with those discussed in
our filings with the Securities and Exchange Commission (the SEC), could affect future
results and could cause those results to differ materially from those expressed in the
forward-looking statements: the ability to realize the expected benefits of our proposed transaction
with Vodafone in the timeframe expected or at all; the ability to complete the Vodafone transaction in
the timeframe expected or at all and the costs that could be required to do so; failure to
obtain applicable regulatory or shareholder approvals in connection with the Vodafone
transaction in a timely manner or at all; failure to satisfy other closing conditions to the Vodafone
transaction or events giving rise to termination of the transaction agreement; an adverse
change in the ratings afforded our debt securities by nationally accredited ratings
organizations or adverse conditions in the credit markets affecting the cost, including interest
rates, and/or availability of financing; the ability of Verizon to complete the financing of
the Vodafone transaction on satisfactory terms; significantly increased levels of indebtedness
as a result of the Vodafone transaction; changes in tax laws or treaties, or in their interpretation;
adverse conditions in the U.S. and international economies; material adverse changes in labor
matters, including labor negotiations, and any resulting financial and/or operational impact;
material changes in technology or technology substitution; disruption of our key suppliers provisioning of products or
services; changes in the regulatory environment in which we operate, including any increase in
restrictions on our ability to operate our networks; breaches of network or information
technology security, natural disasters, terrorist attacks or acts of war or significant litigation
and any resulting financial impact not covered by insurance; the effects of competition in the markets
in which we operate; changes in accounting assumptions that regulatory agencies, including the
SEC, may require or that result from changes in the accounting rules or their application,
which could result in an impact on earnings; significant increases in benefit plan costs or lower investment returns on plan
assets; and the inability to implement our business strategies.
Filed by Verizon Communications Inc.
pursuant to Rule 425 under the Securities Act of 1933
and deemed filed pursuant to Rule 14a-12
under the Securities Exchange Act of 1934
Subject Company: Vodafone Group Plc
Filers SEC File No.: 001-08606
Date: November 4, 2013
SAFE HARBOR
STATEMENT AND LEGENDS
www.verizon.com/investor.
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SAFE HARBOR STATEMENT AND
LEGENDS (cont.)
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NO OFFER OR SOLICITATION
This communication does not constitute an offer to sell or the solicitation of an offer to buy any
securities or a solicitation of any vote or approval nor shall there be any offer or sale of
securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior
to registration or qualification under the securities laws of any such jurisdiction. No offer of
securities shall be made except by means of a prospectus meeting the requirements of Section 10
of the Securities Act of 1933, as amended, or pursuant to an exemption from the registration
requirements thereof.
IMPORTANT ADDITIONAL INFORMATION WILL BE FILED WITH THE SEC
Verizon Communications Inc. has filed with the SEC a registration statement on Form S-4 containing
a preliminary prospectus with respect to the Verizon securities to be offered in the proposed
transaction with Vodafone (the preliminary prospectus). Verizon has also filed with
the SEC a preliminary proxy statement with respect to the special meeting of the Verizon shareholders
to be held in connection with the proposed transaction (the preliminary proxy
statement). The registration statement on Form S-4 has not yet been declared effective and
the preliminary prospectus and the preliminary proxy statement are not yet final and will be further
amended. VODAFONE
SHAREHOLDERS ARE URGED TO READ CAREFULLY THE PRELIMINARY PROSPECTUS AND VERIZON SHAREHOLDERS ARE
URGED TO READ CAREFULLY THE PRELIMINARY PROXY STATEMENT, EACH TOGETHER WITH OTHER RELEVANT
DOCUMENTS FILED OR TO BE FILED WITH THE SEC, IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE BECAUSE THEY
CONTAIN OR WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED TRANSACTION AND RELATED
MATTERS. Investors and shareholders can obtain free copies of the preliminary
prospectus, the preliminary proxy statement and other documents filed with the SEC by the
parties through the website maintained by the SEC at www.sec.gov. In addition, investors and shareholders will
be able to obtain free copies of the prospectus, the proxy statement and other documents filed with
the SEC by Verizon by contacting Verizons Assistant Corporate Secretary, Verizon
Communications Inc., 140 West Street, 29th Floor, New York, New York 10007. These materials are
also available on Verizons website at www.verizon.com/investor.
PARTICIPANTS IN THE SOLICITATION
Verizon, Vodafone and their respective directors and executive officers may be deemed to be
participants in the solicitation of proxies from the shareholders of Verizon in respect of the
proposed transaction contemplated by the proxy statement. Information regarding the persons who
are, under the rules of the SEC, participants in the solicitation of the shareholders of Verizon in connection with the proposed
transaction, including a description of their direct or indirect interests, by security holdings or
otherwise, is set forth in the preliminary proxy statement filed by Verizon with the SEC.
Information regarding Verizons directors and executive officers is contained in Verizons Annual
Report on Form 10-K for the year ended December 31, 2012 and its Proxy Statement on Schedule 14A,
dated March 18, 2013, which are filed with the SEC. Information regarding Vodafones
directors and executive officers is contained in Vodafones Annual Report on Form 20-F
for the year ended March 31, 2013, which is filed with the SEC. |
Acquisition of Vodafones 45%
Interest in Verizon Wireless
Sole ownership drives strategic and financial benefits across entire
business
Accretive to earnings per share at close of transaction
Access to all of wireless cash flows
Favorable capital markets environment
U.S. wireless marketplace in growth phase
No integration risk
Transaction is a natural
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