Merger deed recording

31 Jul 2006 17:15

Telefonica SA31 July 2006 Further to the significant event released on July 28th, 2006, Telefonica, S.A.hereby reports that the Public Deed of the Merger by Absorption of TelefonicaMoviles S.A. by Telefonica, S.A. was recorded with the Commercial Registry ofMadrid on July 29th, 2006. The Merger has therefore become effective from thatdate and as a result, the shares of Telefonica Moviles have been extinguished. Madrid, July 31st, 2006 This information is provided by RNS The company news service from the London Stock Exchange