Tender Public Offer Sogecable

9 May 2008 13:39

Telefonica SA09 May 2008 As provided in article 82 of the Spanish Stock Market Act (Ley del Mercado deValores), TELEFONICA, S.A. hereby reports the following SIGNIFICANT EVENT Regarding the public tender offer launched by PROMOTORA DE INFORMACIONES, S.A.("PRISA") over the share capital of SOGECABLE, S.A., the Company has agreed,after studying the conditions, to participate in said offer with all the sharesit owns, which represent 16.79% of the share capital of said company. Madrid, May 9th ,2008 This information is provided by RNS The company news service from the London Stock Exchange