Upcoming Payments: Q2 2023

Upcoming Statutory Deadline

 Telefonica S.A.

American Depositary Shares (ADSs)

CUSIP / ISIN: 879382208 / US8793822086

ADS Payment Date: July 3, 2019

The statutory deadline in Spain for reclaiming withholding tax is four years following the Ordinary Share dividend payment date. Hence, a deadline of June 20, 2023 applies to the Ordinary Share dividend paid on June 20, 2019.

The local tax representative and reclaim agent’s (Banco Bilbao Vizcaya Argentaria, SA or “BBVA”) deadline is one month prior to the statutory deadline, which makes it May 20, 2023.

Please be advised that Acupay will be employing a deadline prior to BBVA’s deadline to ensure timely submissions. The Acupay deadline is May 10, 2023, as stated in the DTC important notice published on June 13, 2019.

Please note that any documentation received after BBVA’s deadline will be processed on a reasonable commercial effort basis, and BBVA will charge a non-refundable late fee of EUR 200 per reclaim, which will be agreed upon with clients prior to BBVA processing such late reclaims.