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Merger deed recording

21st Jul 2005 16:51

Telefonica SA21 July 2005 Further to the significant event released on July 15th, 2005, Telefonica, S.A.hereby reports that the Deed of the Merger by Absorption of Terra Networks, S.A.by Telefonica, S.A. was recorded with the Commercial Registry of Madrid on July16th, 2005. The Merger has become therefore effective from that date and as aresult of this, the shares of Terra Networks have been extinguished. Madrid, July 21st, 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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