Bank of New York Mellon: FRN Variable Rate Fix

  Bank of New York Mellon: FRN Variable Rate Fix  UK Regulatory Announcement  LONDON  As Agent Bank, please be advised of the following rate determined on: 1/29/2014 Issue                 ¦ Telefonica Emisiones S.A.U. - Series 10 EUR 24,000,000                       FRN Due 31 Jan 2018                        ISIN Number           ¦ XS0283056215 ISIN Reference        ¦ 28305621 Issue Nomin EUR       ¦ 24000000 Period                ¦ 1/31/2014 to 4/30/2014           Payment Date                                                           4/30/2014 Number of Days        ¦ 89 Rate                  ¦ 1 Denomination EUR      ¦ 50000                  ¦ 24000000             ¦                                                  Amount Payable per    ¦ 123.61                  ¦ 59333.33              ¦ Denomination                                                  Bank of New York Rate Fix Desk         Telephone                           ¦ 44 1202 689580 Corporate Trust Services          Facsimile               ¦ 44 1202 689601  Contact:  Bank of New York Mellon