Telefónica, S.A. at its AGM held on April 12, 2024 approved distribution of dividends in cash with a charge to unrestricted reserves, through the payment in 2024 of the fixed amount of EUR 0.30, payable in two tranches, to each of the existing shares of Telefónica, S.A. entitled to participate in such distribution on the following payment dates. -The first payment of EUR 0.15 per share in cash will be carried out on June 20, 2024 through the entities participating in Sociedad de Gestión de los Sistemas de Registro, Compensación y Liquidación de Valores, S.A.U. (IBERCLEAR). -The second payment of EUR 0.15 per share in cash will be paid on December 19, 2024 through the entities participating in Sociedad de Gestión de los Sistemas de Registro, Compensación y Liquidación de Valores, S.A.U. (IBERCLEAR).

ex date for June payment is June 18, 2024 and for December payment is December 17, 2024, record date for the June payment is June 19, 2024 and for December payment is December 18, 2024.