Doc re. Merger Prospectus F-4

9 May 2005 08:51

Telefonica SA09 May 2005 TELEFONICA, S. A. AND TERRA NETWORKS MERGER PLAN Telefonica, S.A., in its capacity as the acquiring company, has filed with theSecurities and Exchange Commission (SEC), the US stock market regulator , thefinal registration form F-4 in relation to its announced takeover of TerraNetworks, S.A.. This document has been declared effective by the SEC on April22nd, 2005. Two copies of the above form F-4 have been submitted to the UKLA and willshortly be available at the UKLA's Document Viewing Facility which is situatedat: Financial Service Authority 25 The North Colonnade Canary Wharf London E14 5HS This information is provided by RNS The company news service from the London Stock Exchange