DGAP-PVR:Release according to Article 40, Section 1 of the WpHG [the German Securities Trading Act] with the objective of Europe-wide distribution

Notification of Major Holdings 1. Details of issuer Name: Telefónica Deutschland Holding AG Street: Georg-Brauchle-Ring 50 Postal code: 80992 City: München Germany Legal Entity Identifier (LEI): 391200ECRPJ3SWQJUM30 2. Reason for notification X Acquisition/disposal of shares with voting rights Acquisition/disposal of instruments Change of breakdown of voting rights Other reason: 3. Details of person subject to the notification obligation Legal entity: Koninklijke KPN N.V. City of registered office, country: Rotterdam, Netherlands 4. Names of shareholder(s) holding directly 3% or more voting rights, if different from 3. 5. Date on which threshold was crossed or reached: 31 Oct 2018 6. Total positions % of voting % of voting rights Total of Total number of rights attached through both in % voting rights to shares instruments (total (7.a. + pursuant to (total of 7.a.) of 7.b.1 + 7.b.2) 7.b.) Sec. 41 WpHG New 4.99 % 0.00 % 4.99 % 148486474 Previo- 9.46 % 0.0 % 9.46 % / us notifi- cation 7. Details on total positions a. Voting rights attached to shares (Sec. 33, 34 WpHG) ISIN Absolute In % Direct Indirect Direct Indirect (Sec. 33 WpHG) (Sec. 34 WpHG) (Sec. 33 WpHG) (Sec. 34 WpHG) DE000A1J5RX9 148486474 4.99 % % Total 148486474 4.99 % b.1. Instruments according to Sec. 38 (1) no. 1 WpHG Type of Expiration or Exercise or Voting Voting instrument maturity date conversion rights rights in period absolute % % Total % b.2. Instruments according to Sec. 38 (1) no. 2 WpHG Type of Expiration Exercise or Cash or Voting Voting instrume- or maturity conversion physical rights rights nt date period settlement absolute in % % Total % 8. Information in relation to the person subject to the notification obligation Person subject to the notification obligation is not controlled nor does it control any other undertaking(s) that directly or indirectly hold(s) an interest in the (underlying) issuer (1.). Full chain of controlled undertakings starting with the ultimate controlling natural person or legal entity: Name % of voting rights % of voting rights Total of both (if (if at least 3% or through instruments (if at least 5% or more) at least 5% or more) more) 9. In case of proxy voting according to Sec. 34 para. 3 WpHG (only in case of attribution of voting rights in accordance with Sec. 34 para. 1 sent. 1 No. 6 WpHG) Date of general meeting: Holding total positions after general meeting (6.) after annual general meeting: Proportion of voting Proportion of Total of rights instruments both % % % 10. Other explanatory remarks: Date