Audit and Control Committee

31 Oct 2007 07:00

Telefonica SA30 October 2007 As provided in article 82 of the Spanish Stock Market Act (Ley del Mercado deValores), TELEFONICA, S.A. hereby reports the following SIGNIFICANT EVENT At the Audit and Control Committee's meeting held today, the incorporation ofthe Director Mr. Vitalino Manuel Nafria Aznar as new member of this Committeehas taken place. Madrid, October 30th, 2007. This information is provided by RNS The company news service from the London Stock Exchange