DGAP-News:Telefónica Deutschland Holding AG: Independent expert fully confirms Telefónica Deutschland's MBA MVNO pricing

DGAP-News: Telefónica Deutschland Holding AG / Key word(s): Legal Matter Telefónica Deutschland Holding AG: Independent expert fully confirms Telefónica Deutschland's MBA MVNO pricing 19.12.2019 / 19:24 The issuer is solely responsible for the content of this announcement.

Munich, 19 December 2019 Independent expert fully confirms Telefónica Deutschland's MBA MVNO pricing Today, the independent expert has submitted his decision concerning the pricing preview initiated by 1&1 Drillisch for the period after September 2017. The expert fully confirms his draft decision as of 24 October 2019. Thus, he rejects the request for a retroactive reduction of prices and confirms the prices stipulated in the MBA MVNO agreement for the capacity-based access of 1&1 Drillisch to the Telefónica Deutschland mobile network. The price confirmation remains only subject to the outcome of a separately initiated procedure by Telefónica Deutschland in which the company has requested a proportional refund for frequency rights from the spectrum auction in 2015 from 1&1 Drillisch. We reiterate our full-year 2019 guidance as well as our mid-term targets. More Information: Telefónica Deutschland Investor Relations Georg-Brauchle-Ring 50 D-80992 München t +49 (0)89 2442-1010 f +49 (0)89 2442-2000 e ir-deutschland@telefonica.com

19.12.2019 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de

Language: English Company: Telefónica Deutschland Holding AG Georg-Brauchle-Ring 50 80992 München Germany Phone: +49 (0)89 24 42 0 Internet: www.telefonica.de ISIN: DE000A1J5RX9 WKN: A1J5RX Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange EQS News ID: 941001 MDAX TecDAX End of News DGAP News Service

941001 19.12.2019