Telefónica Deutschland Holding AG / Key word(s): Change of Personnel 11.12.2016 20:59 Disclosure of an inside information according to Article 17 MAR, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Markus Haas appointed as CEO of Telefónica Deutschland Holding AG The supervisory board has resolved today to appoint Markus Haas as CEO of Telefónica Deutschland Holding AG effective as of 1 January 2017. Currently, he is Chief Operating Officer of the Company. Markus Haas will lead Telefónica Deutschland in close cooperation with Rachel Empey, Chief Financial and Strategy Officer. Both led Telefónica Deutschland through a successful IPO, the merger with E-Plus Group and the integration of both companies. The supervisory board of Telefónica Deutschland Holding AG has also agreed with Markus Haas to further extend his term of office until 31 December 2019. Rachel Empey, in addition to her current responsibility for Finance and Corporate Strategy, will be responsible for the areas of Transformation & Integration, Business Intelligence, Innovation and Telefónica Next. The supervisory board of Telefónica Deutschland Holding AG has also agreed with Rachel Empey to further extend her term of office until 31 December 2018. The current CEO Thorsten Dirks will continue to support the management team until the end of the first quarter 2017 to ensure a smooth transition in leadership. Markus Haas has worked for Telefónica since 1998 in different leading management positions. Since 2009 he has been Managing Director and since 2012 a member of the management board of Telefónica Deutschland Holding AG. Rachel Empey has worked in different leading management positions for the Telefónica Group since 2004. She has been a member of the management board of Telefónica Deutschland Holding AG since 2012. Telefónica Deutschland reiterates its full-year 2016 outlook as well as its commitment to its overall strategy, synergy case and dividend policy. More Information: Telefónica Deutschland Investor Relations Georg-Brauchle-Ring 23-25 D-80992 München t +49 (0)89 2442-1010 f +49 (0)89 2442-2000 e [email protected] 11.12.2016 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de --------------------------------------------------------------------------- Language: English Company: Telefónica Deutschland Holding AG Georg-Brauchle-Ring 23-25 80992 München Germany Phone: +49 (0)89 24 42 0 Fax: E-mail: Internet: www.telefonica.de ISIN: DE000A1J5RX9 WKN: A1J5RX Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange TecDAX End of Announcement DGAP News-Service ---------------------------------------------------------------------------