TDE.L Regulatory News (TDE)

TELEFÓNICA, S.A., as provided in article 82 of the Spanish Stock Market Act (Ley del Mercado de Valores) hereby informs of the following:

SIGNIFICANT EVENT

The Annual General Shareholders' Meeting of TELEFÓNICA, S.A. held at second call today, May 18, 2011, with the attendance of 67,103 shareholders, present or represented, holding 2,366,749,861 shares, representing 51.857 % of the share capital of the Company, has approved by a large majority of votes all the resolutions submitted by the Board of Directors for deliberation and vote by the General Shareholders' Meeting.

The full text of these resolutions is attached to this report.

http://www.rns-pdf.londonstockexchange.com/rns/8712G_-2011-5-18.pdf

 Madrid, May 18th , 2011