21st Dec 2005 18:26
Telefonica SA21 December 2005 Telefonica S.A., as provided in article 82 of the Spanish Securities Market Act(Ley del Mercado de Valores) and in accordance with set forth in paragraph 4 ofarticle 6 of Royal Decree 377/1991, of March 15th, regarding the announcement ofsignificant participations in quoted companies, hereby reports the following SIGNIFICANT EVENT The Board of Directors of "Telefonica, S.A.", at its meeting held today, hasaccepted the resignations from their positions on the Board of Mr Jose AntonioFernandez Rivero (also member of the Audit and Control Committee) and Mr JesusMaria Cadenato Matia. Likewise, the Board has agreed, preceded by the relevant favourable report fromthe Nominating, Compensation and Corporate Governance Committee, the appointmentby cooption of the new Board members Mr Vitalino Manuel Nafria Aznar and MrJulio Linares Lopez. Lastly, the Board of Directors agreed to appoint Mr Gregorio VillalabeitiaGalarraga as member of the Audit and Control Committee . Madrid, December 21st, 2005. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
TDE.L