DGAP-PVR:Telefónica Deutschland Holding AG: Release according to Article 26, Section 1 of the WpHG [the German Securities Trading Act] with the objective of Europe-wide distribution

Telefónica Deutschland Holding AG 26.09.2014 13:58 Dissemination of a Voting Rights Announcement, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement.

1. On September 23, 2014, Merrill Lynch International, London, United Kingdom has informed us according to Article 21, Section 1 of the WpHG that via shares its Voting Rights on Telefónica Deutschland Holding AG, München, Germany, have exceeded the 3% threshold of the Voting Rights on September 18, 2014 and on that day amounted to 4.59% (this corresponds to 102642689 Voting Rights). 2. On September 23, 2014, ML UK Capital Holdings, London, United Kingdom has informed us according to Article 21, Section 1 of the WpHG that via shares its Voting Rights on Telefónica Deutschland Holding AG, München, Germany, have exceeded the 3% threshold of the Voting Rights on September 18, 2014 and on that day amounted to 4.59% (this corresponds to 102642689 Voting Rights). 4.59% of Voting Rights (this corresponds to 102642689 Voting Rights) are attributed to the company in accordance with Article 22, Section 1, Sentence 1, No. 1 of the WpHG (German Securities Trading Act). Attributed Voting Rights are held by the following companies under its control, whose share of the Voting Rights in Telefónica Deutschland Holding AG amounts to 3 percent or more: Merrill Lynch International. 3. On September 23, 2014, MLEIH Funding, London, United Kingdom has informed us according to Article 21, Section 1 of the WpHG that via shares its Voting Rights on Telefónica Deutschland Holding AG, München, Germany, have exceeded the 3% threshold of the Voting Rights on September 18, 2014 and on that day amounted to 4.59% (this corresponds to 102642689 Voting Rights). 4.59% of Voting Rights (this corresponds to 102642689 Voting Rights) are attributed to the company in accordance with Article 22, Section 1, Sentence 1, No. 1 of the WpHG (German Securities Trading Act). Attributed Voting Rights are held by the following companies under its control, whose share of the Voting Rights in Telefónica Deutschland Holding AG amounts to 3 percent or more: Merrill Lynch International and ML UK Capital Holdings. 4. On September 23, 2014, Merrill Lynch Europe Limited, London, United Kingdom has informed us according to Article 21, Section 1 of the WpHG that via shares its Voting Rights on Telefónica Deutschland Holding AG, München, Germany, have exceeded the 3% threshold of the Voting Rights on September 18, 2014 and on that day amounted to 4.59% (this corresponds to 102642689 Voting Rights). 4.59% of Voting Rights (this corresponds to 102642689 Voting Rights) are attributed to the company in accordance with Article 22, Section 1, Sentence 1, No. 1 of the WpHG (German Securities Trading Act). Attributed Voting Rights are held by the following companies under its control, whose share of the Voting Rights in Telefónica Deutschland Holding AG amounts to 3 percent or more: Merrill Lynch International, ML UK Capital Holdings and MLEIH Funding. 5. On September 23, 2014, Merrill Lynch UK Holdings, London, United Kingdom has informed us according to Article 21, Section 1 of the WpHG that via shares its Voting Rights on Telefónica Deutschland Holding AG, München, Germany, have exceeded the 3% threshold of the Voting Rights on September 18, 2014 and on that day amounted to 4.59% (this corresponds to 102642689 Voting Rights). 4.59% of Voting Rights (this corresponds to 102642689 Voting Rights) are attributed to the company in accordance with Article 22, Section 1, Sentence 1, No. 1 of the WpHG (German Securities Trading Act). Attributed Voting Rights are held by the following companies under its control, whose share of the Voting Rights in Telefónica Deutschland Holding AG amounts to 3 percent or more: Merrill Lynch International, ML UK Capital Holdings, MLEIH Funding and Merrill Lynch Europe Limited. 6. On September 23, 2014, ML EMEA Holdings LLC, Wilmington, DE, USA has informed us according to Article 21, Section 1 of the WpHG that via shares its Voting Rights on Telefónica Deutschland Holding AG, München, Germany, have exceeded the 3% threshold of the Voting Rights on September 18, 2014 and on that day amounted to 4.59% (this corresponds to 102642689 Voting Rights). 4.59% of Voting Rights (this corresponds to 102642689 Voting Rights) are attributed to the company in accordance with Article 22, Section 1, Sentence 1, No. 1 of the WpHG (German Securities Trading Act). Attributed Voting Rights are held by the following companies under its control, whose share of the Voting Rights in Telefónica Deutschland Holding AG amounts to 3 percent or more: Merrill Lynch International, ML UK Capital Holdings, MLEIH Funding, Merrill Lynch Europe Limited and Merrill Lynch UK Holdings. 7. On September 23, 2014, Merrill Lynch International Incorporated, Wilmington, DE, USA has informed us according to Article 21, Section 1 of the WpHG that via shares its Voting Rights on Telefónica Deutschland Holding AG, München, Germany, have exceeded the 3% threshold of the Voting Rights on September 18, 2014 and on that day amounted to 4.59% (this corresponds to 102642689 Voting Rights). 4.59% of Voting Rights (this corresponds to 102642689 Voting Rights) are attributed to the company in accordance with Article 22, Section 1, Sentence 1, No. 1 of the WpHG (German Securities Trading Act). Attributed Voting Rights are held by the following companies under its control, whose share of the Voting Rights in Telefónica Deutschland Holding AG amounts to 3 percent or more: Merrill Lynch International, ML UK Capital Holdings, MLEIH Funding, Merrill Lynch Europe Limited, Merrill Lynch UK Holdings and ML EMEA Holdings LLC. 8. On September 23, 2014, NB Holdings Corporation, Wilmington, DE, USA has informed us according to Article 21, Section 1 of the WpHG that via shares its Voting Rights on Telefónica Deutschland Holding AG, München, Germany, have exceeded the 3% threshold of the Voting Rights on September 18, 2014 and on that day amounted to 4.59% (this corresponds to 102642689 Voting Rights). 4.59% of Voting Rights (this corresponds to 102642689 Voting Rights) are attributed to the company in accordance with Article 22, Section 1, Sentence 1, No. 1 of the WpHG (German Securities Trading Act). Attributed Voting Rights are held by the following companies under its control, whose share of the Voting Rights in Telefónica Deutschland Holding AG amounts to 3 percent or more: Merrill Lynch International, ML UK Capital Holdings, MLEIH Funding, Merrill Lynch Europe Limited, Merrill Lynch UK Holdings, ML EMEA Holdings LLC and Merrill Lynch International Incorporated. 9. On September 23, 2014, Bank of America Corporation, Wilmington, DE, USA has informed us according to Article 21, Section 1 of the WpHG that via shares its Voting Rights on Telefónica Deutschland Holding AG, München, Germany, have exceeded the 3% threshold of the Voting Rights on September 18, 2014 and on that day amounted to 4.59% (this corresponds to 102642689 Voting Rights). 4.59% of Voting Rights (this corresponds to 102642689 Voting Rights) are attributed to the company in accordance with Article 22, Section 1, Sentence 1, No. 1 of the WpHG (German Securities Trading Act). Attributed Voting Rights are held by the following companies under its control, whose share of the Voting Rights in Telefónica Deutschland Holding AG amounts to 3 percent or more: Merrill Lynch International, ML UK Capital Holdings, MLEIH Funding, Merrill Lynch Europe Limited, Merrill Lynch UK Holdings, ML EMEA Holdings LLC, Merrill Lynch International Incorporated and NB Holdings Corporation. 26.09.2014 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de

Language: English Company: Telefónica Deutschland Holding AG Georg-Brauchle-Ring 23-25 80992 München Germany Internet: www.telefonica.de End of Announcement DGAP News-Service