Munich, 21 February 2022

Telefónica Deutschland extends CEO contract with Markus Haas

At today's meeting, the Supervisory Board of Telefónica Deutschland Holding AG approved the appointment of Markus Haas as the company's CEO for a further three-year term until 31 December 2025. His current contract is valid until 31 December 2022. Markus Haas has been CEO of Telefónica Deutschland since January 2017 and leads the seven-member Management Board. Previously, the fully qualified lawyer, who has held various management positions at the company since 1998, led the core operating business of the telecommunications provider as Chief Operating Officer (COO).

During Markus Haas' tenure, Telefónica Deutschland has executed its ambitious plans in a focused and value-creating way. Following the successful completion of the integration of the E-Plus Group and the associated delivery of extensive synergies, the company embarked on a dynamic growth path under his leadership. In the past two years, the company has generated sustainable operational and financial momentum on the back of its 'investment for growth' programme. Telefónica Deutschland gained market share and achieved network parity with competition on the back of its extensive coverage expansion. This is well documented by strong customer gains, high satisfaction rates among customers as well as employees, and numerous awards.

Under the leadership of CEO Markus Haas, Telefónica Deutschland will continue to execute its successful and sustainable strategy to deliver profitable growth and continued attractive shareholder returns.

Further information

Telefónica Deutschland Holding AG
Investor Relations
Georg-Brauchle-Ring 50

80992 München

Christian Kern, Director Investor Relations; (m) +49 179 9000 208

Marion Polzer, CIRO, Head of Investor Relations; (m) +49 176 7290 1221

Eugen Albrecht, CIRO, Senior Investor Relations Officer; (m) +49 176 3147 5260

(t) +49 89 2442 1010

ir-deutschland@telefonica.com

www.telefonica.de/investor-relations

Disclaimer:

This document contains statements that constitute forward-looking statements and expectations about Telefónica Deutschland Holding AG (in the following "the Company" or "Telefónica Deutschland") that reflect the current views and assumptions of Telefónica Deutschland's management with respect to future events, including financial projections and estimates and their underlying assumptions, statements regarding plans, objectives and expectations which may refer, among others, to the intent, belief or current prospects of the customer base, estimates regarding, among others, future growth in the different business lines and the global business, market share, financial results and other aspects of the activity and situation relating to the Company. Forward-looking statements are based on current plans, estimates and projections. The forward-looking statements in this document can be identified, in some instances, by the use of words such as "expects", "anticipates", "intends", "believes", and similar language or the negative thereof or by forward-looking nature of discussions of strategy, plans or intentions. Such forward-looking statements, by their nature, are not guarantees of future performance and are subject to risks and uncertainties, most of which are difficult to predict and generally beyond Telefónica Deutschland's control and other important factors that could cause actual developments or results to materially differ from those expressed in or implied by the Company's forward-looking statements. These risks and uncertainties include those discussed or identified in fuller disclosure documents filed by Telefónica Deutschland with the relevant Securities Markets Regulators, and in particular, with the German Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht - BaFin). The Company offers no assurance that its expectations or targets will be achieved.

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Except as required by applicable law, Telefónica Deutschland undertakes no obligation to revise these forward-looking statements to reflect events and circumstances after the date of this presentation, including, without limitation, changes in Telefónica Deutschland's business or strategy or to reflect the occurrence of unanticipated events.

The financial information and opinions contained in this document are unaudited and are subject to change without notice.

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