Management report published by Telefónica Deutschland as part of E-Plus sale process

30 Dec 2013

In line with German market regulation Telefónica Deutschland published, at 3pm CET today, its agenda for the upcoming Extraordinary General Meeting of Shareholders ("EGM") on 11 February 2014 to vote on a capital increase against contributions in cash and new additional authorized capital in order to acquire KPN's German subsidiary E-Plus (the "Transaction").

As part of the EGM documentation Telefónica Deutschland published its management report including a valuation on E-Plus, in line with the German Stock Corporation Act, to provide its minority shareholders information on the Transaction. This report contains forward looking (financial) information regarding E-Plus.

The management report has been published on Telefónica Deutschland's website.

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