Board member resignation

30 Jun 2005 12:32

Telefonica SA30 June 2005 Telefonica S.A., as provided in article 82 of the Spanish Securities Market Act(Ley del Mercado de Valores) and in accordance with set forth in paragraph 4 ofarticle 6 of Royal Decree 377/1991, of March 15th, regarding the announcement ofsignificant participations in quoted companies, hereby reports the following SIGNIFICANT EVENT The Board of Directors of the Company, at its meeting held on June 29th, 2005,has accepted the resignation of Mr. Jose Fonollosa Garcia from his position onthe Board and has thanked him for his work and dedication as member of theTelefonica's Board. This information is provided by RNS The company news service from the London Stock Exchange