Telefonica O2 Czech Republic, a.s. : Announcement on completion of 2% own shares acquisition…

On 19 April 2012, the General Meeting of Telefónica Czech Republic, a. s. approved the ordinary share acquisition program up to 32,208,989 shares, i.e. a total of 10% of the total number of ordinary shares of the company, for a period of up to five years at a share price between CZK 150 and CZK 600.

Following the above referenced resolution of the General Meeting, the company has engaged the company UniCredit Bank AG, London Branch to implement the program of the acquisition of the company's own shares (share buy-back).

Based on the decision of the Board of Directors dated 9 May 2012, the company has instructed UniCredit Bank AG, London Branch to acquire 6,441,798 ordinary shares, i.e. a total of 2% of the total number of ordinary shares of the company. On 10 May 2012, the company announced the intention of the Board of Directors to submit to the General Meeting of the company a proposal to cancel the acquired shares, together with a proposal to reduce the registered capital by the amount of the nominal value of the acquired shares.

Telefónica Czech Republic, a. s. announces that the acquisition of 2% of its own shares (share buy-back) based on above referenced instruction has been completed on 27 November 2012 for a total purchase price of CZK 2 481 mln.

The Board of Directors has not decided on continuation of the company's own shares acquisition (share buy-back) program yet.

All the relevant information will continue to be disclosed on company's web pages http://www.telefonica.cz/en/shares/284480-nabyti_vlastnich_akcii_spolecnosti.html.

Contacts
Hany Farghali
Spokesperson
Telefónica Czech Republic, a.s.
public.relations.cz@o2.com
tel: +420 606 02 02 02

Telefónica Czech Republic is a major integrated operator in the Czech Republic. It is now operating almost eight million lines, both fixed and mobile, making it one of the world's leading providers of fully converged services. The organization offers the most comprehensive portfolio of voice and data services in this country. It is paying special attention to the exploitation of the growth potential, particularly in the data and Internet sector. Telefónica Czech Republic operates the largest fixed and mobile network including a 3rd generation network, CDMA (for data), and UMTS, enabling voice, data and video transmission. Telefónica Czech Republic launched a LTE (Long Term Evolution) 4rd generation mobile communication network as the first operator in the Czech Republic. The new network offers the fastest available mobile Internet nowadays. Telefónica Czech Republic is also a notable provider of ICT services.

Telefónica is one of the world's largest telecommunications operators by market capitalisation. Its activities are centred mainly on the fixed and mobile telephony businesses, while its broadband business is the key growth driver underpinning both. It operates in 25 countries and has a global customer base of 312 million. Telefónica's growth strategy is focused on the markets in which it has a strong foothold: Spain, Europe and Latin America. Telefónica is a 100% private sector company with its shares listed in Madrid and other stock exchanges and more than 1.5 million individual shareholders.