Supervisory Board decision:Telefónica Deutschland extends further Management Board contracts

The Supervisory Board of Telefónica Deutschland Holding AG has approved the early extension of the contracts of Management Board members Valentina Daiber, Chief Officer Legal & Corporate Affairs, Nicole Gerhardt, Chief Human Resources Officer, Alfons Lösing, Chief Partner & Wholesale Officer, and Markus Rolle, Chief Financial Officer, which expire in July 2023. The new contracts run until 2026. CEO Markus Haas' contract was already extended ahead of schedule to the end of 2025 in February, and that of CTIO Mallik Rao was extended in May with a term also to the end of 2025. In addition, as announced in October, the new Chief Consumer Officer, Andreas Laukenmann, will complete the Management Board in 2023.