Sale of 80% stake in subsidiary Informacní linky,

February 29, 2012

Today, Telefónica Czech Republic, a.s. signed the sale and purchase agreement related to 80% of shares of its subsidiary, Informační linky, a.s. The agreement contains an option for the acquisition of the remaining 20% of shares. Telefónica Czech Republic, a.s. expects that the net gain from the sale of 80% of shares of subsidiary Informační linky, a.s will reach close to CZK 200 million and will impact its financial results for the first quarter of 2012. This step follows the establishment of a subsidiary named Informační linky, a.s. made on 1st January 2012 by the transfer of part of enterprise - organizational unit information and assistance services that provides services on telephone numbers 1180, 1181 and 1188.

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