Significant Shareholdings

According to information available to the Company, there is no individual or corporation that directly or indirectly, alone or jointly, exercises, or may exercise control over Telefónica, on the terms established in article 4 of the Securities Markets and Investment Services Act.

There are, however, certain shareholders who hold stakes that may be considered significant, in the sense of Royal Decree 1362/2007, on transparency. The information regarding the shares of Telefónica, S.A. and the financial instruments owned by the Significant Shareholders of the Company which give them rights to acquire or transfer such shares, and the Significant Shareholdings held by Telefónica in other listed companies, is available in the public records of the la Comisión Nacional del Mercado de Valores (CNMV), which are publicly available:

Access information registered in CNMV:

Number of Shareholders

According to the information obtained from “Sociedad de Gestión de los Sistemas de Registro, Compensación y Liquidación de Valores” (Securities, Recording, Clearing and Settlement Systems Management Company) (Iberclear), dated on December 31, 2022, the number of shareholders of Telefónica, according to separate records in favour of individuals and corporations, amounted to approximately 1.1 million shareholders.

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