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Debentures redemption

28th Nov 2005 17:16

Telefonica SA28 November 2005 TELEFONICA, S.A., in accordance with that stated in article 82 of the SpanishStock Market Act (Ley del Mercado de Valores) hereby announces the following: On December 28th, 2005 and in compliance with the conditions stated in theProspectus for the Debentures Issue "December 1990" (ISIN code numberES0278430717), registered with the Spanish National Securities Market Commission(Comision Nacional del Mercado de Valores) on May 31st, 1990, the 400,000debentures of the issue will be totally redeemed through the repayment of the675% of their nominal value of Euros 300.51 each. Madrid, November 28th, 2005 This information is provided by RNS The company news service from the London Stock Exchange

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TDE.L
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