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Tentative schedule for AGM

29th Mar 2006 16:54

Telefonica SA29 March 2006 Telefonica S.A., as provided in article 82 of the Spanish Stock Market Act (Leydel Mercado de Valores), hereby reports the following SIGNIFICANT EVENT The Board of Directors of Telefonica, S.A., at its meeting held on March 29th,2006, has decided to tentatively schedule the Annual General Shareholders'Meeting for June 20th , at first call, or on the day after, that is, June 21st ,2006, at second call. In this respect, it is hereby stated that, as in previous occasions, the AnnualGeneral Shareholders' Meeting is expected to be held on second call. Madrid, March 29th, 2006 This information is provided by RNS The company news service from the London Stock Exchange

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