Agreement Telefónica and LFP

TELEFÓNICA S.A., pursuant to article 82 of the Spanish Securities Market Act (Ley del Mercado de Valores), hereby reports the following

SIGNIFICANT EVENT

On the date hereof, DTS, Distribuidora de Television Digital, S.A.U. ("DTS") and the Spanish Professional Soccer League ("LFP") have reached an agreement for the marketing of the exploitation of audiovisual content rights for pay per soccer in the domestic market, for the 2015/2016 season.

See Press release attached in relation to this agreement.

http://www.rns-pdf.londonstockexchange.com/rns/7985S_-2015-7-10.pdf

Madrid, July 10, 2015.