Calendar

January-December 2019 results

Telefónica, S.A. will publish its January-December 2019 results on 20th February 2020 before market opens.

The conference call, during which Management will comment on the most significant aspects of the published results, will take place on the same day, at 10:00 (Madrid), 09:00 (London time), 04:00 (New York time).

The file with the presentation in PDF format for the conference call will be available for downloading at least one hour before it starts.

In accordance with the Internal Code of Conduct for Securities Markets issues of Telefonica, S.A., the temporary restriction period (“closed period”) starts four weeks brefore the release of the Company's results.

Citi 20th Annual European & Emerging Markets Telecoms Conference

Virtual conference

January-March 2020 results

Telefónica, S.A. will publish its January-March 2020 results on 7th May 2020 before market opens.

The conference call, during which Management will comment on the most significant aspects of the published results, will take place on the same day, at 11:00 (Madrid), 10:00 (London time), 05:00 (New York time).

The file with the presentation in PDF format for the conference call will be available for downloading at least one hour before it starts.

In accordance with the Internal Code of Conduct for Securities Markets issues of Telefonica, S.A., the temporary restriction period (“closed period”) starts four weeks brefore the release of the Company's results.

Virtual JP Morgan European Technology, Media and Telecoms CEO Conference

Virtual BofAML “Made in Iberia Days” 2020 Conference

ANNUAL GENERAL SHAREHOLDERS’ MEETING 2020

Madrid, Spain

General Shareholders' Meeting 2020

Virtual 2020 BofAML Global Telecom & Media Conference

January-June 2020 results

Telefónica, S.A. publishes January-June 2020 results on 30th July 2020.

Telefónica, S.A. will publish its January-June 2020 results on 30th July 2020 before market opens.

The conference call, during which Management will comment on the most significant aspects of the published results, will take place on the same day, at 10:00 (Madrid), 09:00 (London time), 04:00 (New York time).

In accordance with the Internal Code of Conduct for Securities Markets issues of Telefonica, S.A., the temporary restriction period (“closed period”) starts four weeks brefore the release of the Company's results.

The file with the presentation in PDF format for the conference call will be available for downloading at least one hour before it starts.

January-June 2020 results

Virtual Barclays Telecom and Media Conference

2020 Virtual Deutsche Bank European TMT Conference

11th BBVA Iberian Equity Conference

29th Virtual Annual Communacopia Conference

January-September 2020 Results

Telefónica, S.A. will publish its January-September 2020 results on 29th October 2020 before market opens.

The conference call, during which Management will comment on the most significant aspects of the published results, will take place on the same day, at 11:30 (CET), 10:30 (GMT), 06:30 (EST).

The file with the presentation in PDF format for the conference call will be available for downloading at least one hour before it starts.

In accordance with the Internal Code of Conduct for Securities Markets issues of Telefonica, S.A., the temporary restriction period (“closed period”) starts four weeks before the release of the Company's results.