DGAP-News: Telefónica Deutschland Holding AG: Telefónica Deutschland Annual General Meeting resolves cash dividend of EUR 773 million for the financial year 2017

Munich, 17 May 2018

Telefónica Deutschland Annual General Meeting resolves cash dividend of EUR 773 million for the financial year 2017

At today's Annual General Meeting of Telefónica Deutschland Holding AG in the hotel Hilton Tucherpark in Munich the shareholders approved with a large majority the payment of a dividend of EUR 0.26 per share for the financial year 2017. As part of the resolutions the shareholders approved the proposal of the management board and the supervisory board for the distribution of the profits of the year with a majority of 99.94%. The company will therefore distribute a cash dividend in the amount of EUR 773 million to its shareholders.

The shareholders also agreed with a large majority to the discharge of the members of the management board and the supervisory board for the financial year 2017 and the appointment of PricewaterhouseCoopers GmbH as auditor. Julio Estebán Linares Lópes was elected as a shareholder representative to the supervisory board of the company.

Also, the resolutions for the approval of the control agreement between Telefónica Deutschland Holding AG and Telefónica Germany Management GmbH as well as the increase of capital from company funds, a subsequent ordinary capital reduction including the reduction of the conditional capital and the related amendments to the articles of association were passed with the majority of the general meeting.

The presence rate at the Annual General Meeting was approximately 94% of the share capital.