Telefónica, , through Telefónica Local Services, a wholly-owned subsidiary of Telefónica, announced that following the end of the acceptance period on 18 April 2024, 24:00, for the public delisting acquisition offer for Telefónica Deutschland Holding  announced on 7 March 2024, Telefónica holds approximately 96.85% of the shares in Telefónica Deutschland. The public delisting acquisition offer has been made for all non-par value registered shares in Telefónica Deutschland Holding AG (the “Telefónica Deutschland Shares”) not yet directly held by the Bidder (the “Delisting Offer”). The total number of shares for which the Delisting Offer has been accepted, along with the number of Telefónica Deutschland Shares acquired from the announcement of the Delisting Offer until the close of the last trading day of the acceptance period, collectively amount to 74,338,954 shares, representing approximately 2.50% of Telefónica Deutschland’s share capital and voting rights, for a total consideration of approximately EUR 175 million, funded entirely with cash.

The Bidder expects the settlement of the Delisting Offer and the payment of the offer price to occur on 29 April 2024. The trading of Telefónica Deutschland Shares on the regulated market of the Frankfurt Stock Exchange ceased on 18 April 2024 following the delisting becoming effective.