TIDMTDE

RNS Number : 9748S

Telefonica SA

28 June 2018

TELEFÓNICA, S.A. ("Telefónica" or the "Company") as provided in article 228 of the Spanish Stock Market Act (Ley del Mercado de Valores), hereby reports the following

SIGNIFICANT EVENT

Please see attached press release.

http://www.rns-pdf.londonstockexchange.com/rns/9748S_1-2018-6-28.pdf

Madrid, June 28, 2018

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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(END) Dow Jones Newswires

June 28, 2018 12:40 ET (16:40 GMT)

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