| 1 | Review and approval of the individual and consolidated annual accounts and the management report, as well as of the proposed allocation of losses profits and the management of its board room. | For |
| 2 | Compensation of shareholders, distribution to be charged to unrestricted reserves. | For |
| 3.1 | Amendment of the art. of the bylaws | For |
| 3.2 | Addition of a new paragraph 5 to art 16 of the bylaws | For |
| 3.3 | Addition of a new art.26bis to the bylaws | For |
| 4.1 | Amendment of the art 5,8.1,11, 13.1 of the G. meeting regulations | For |
| 4.2 | Amendment of the art 14.1 of the G. meeting regulations | For |
| 5.1 | Re-election of Mr.Isidro Faine | Oppose |
| 5.2 | Re-election of Mr. Vitalino Manuel Nafria Azanar | Oppose |
| 5.3 | Re-election of Mr. Julio Linares | For |
| 5.4 | Re-election of Mr. David Arcolus | For |
| 5.5 | Re-election of Mr. Carlos Colomer | Oppose |
| 5.6 | Re-election of Mr. Peter Erskine | Oppose |
| 5.7 | Re-election of Mr. Alfonso Ferrari | Oppose |
| 5.8 | Re-election of Mr. A. Massanell | Oppose |
| 5.9 | Appointment of Chang Xiaobing | Oppose |
| 6 | Authorization to increase the share capital pursuant up to 5 year | Oppose |
| 7 | Re-election of auditor | For |
| 8 | Long term incentive Plan based on Telefonica shares to executives team and executives directors | Abstain |
| 9 | Restricted share plan consisting of the delivery of shares to employers and executive personnel to their continued employment | Oppose |
| 10 | Global incentive share purchase. Approval of an incentive share purchase global plan for the employers | For |
| 11 | Delegation of powers | For |
