4.8. Annual Corporate Governance Report Statistical Annex Annual Corporate Governance Report Statistical Annex  for listed companies (established by Circular 3/2021, of  September 28, of the Spanish Securities and Exchange Commission, that modifies Circular 5/2013, of June 12, that established the templates for the Annual Corporate Governance Report for listed companies) Unless otherwise indicated all data as of December 31, 2022. A. Ownership Structure A.1 Complete the following table on share capital and the attributed voting rights, including those corresponding to shares with a loyalty vote as of the closing date of the year, where appropriate:  Indicate whether company bylaws contain the prevision of double loyalty voting: No. Date of the last modification of the share capital Share capital (€) Number of shares Number of voting rights 24/06/2022 5,775,237,554.00 5,775,237,554 5,775,237,554 Indicate whether there are different classes of shares with different associated rights:  No. A.2 List the company's significant direct and indirect shareholders at the closing date of the financial year, including the directors with a significant shareholding:  % voting rights attributed to shares % of voting rights through financial instruments Name or company name of shareholder Direct Indirect Direct Indirect % of total voting rights Banco Bilbao Vizcaya Argentaria, S.A. CaixaBank, S.A. BlackRock, Inc. Consolidated Annual Report  2022 4.85 3.50 0.00 0.02 0.00 4.32 0.00 0.00 0.00 0.00 0.00 0.16 4.87 3.50 4.48 Breakdown of the indirect holding: Name or company name of indirect owner Name or company name of direct owner % voting rights attributed to shares % of voting rights through financial instruments % of total voting rights Banco Bilbao Vizcaya Argentaria, S.A. BBVA Seguros, S.A. de Seguros y Reaseguros 0.02 0.00 0.02 CaixaBank, S.A. Vida-Caixa, S.A. de Seguros y Reaseguros 0.00 0.00 0.00 BlackRock, Inc. Grupo BlackRock 4.32 0.16 4.48 A.3 Give details of the participation at the close of the fiscal year of the board of directors who are holders of voting rights attributed to shares of the company or through financial instruments, whatever the percentage, excluding the directors who have been identified in Section A2 above: Name or company name of director % voting rights attributed to shares % of voting rights through financial instruments % of total voting rights % voting rights which may be transferred through financial instruments Direct Indirect Direct Indirect Direct Indirect Mr. José María Álvarez-Pallete López 0.04 % 0.00 % 0.04 % 0.00 % 0.08 % 0.00 % 0.00 % Mr. Isidro Fainé Casas 0.01 % 0.00 % 0.00 % 0.00 % 0.01 % 0.00 % 0.00 % Mr. José María Abril Pérez 0.01 % 0.01 % 0.00 % 0.00 % 0.02 % 0.00 % 0.00 % Mr. José Javier Echenique Landiríbar 0.00 % 0.00 % 0.00 % 0.00 % 0.01 % 0.00 % 0.00 % Mr. Ángel Vilá Boix 0.01 % 0.00 % 0.03 % 0.00 % 0.04 % 0.00 % 0.00 % Mr. Peter Erskine 0.00 % 0.00 % 0.00 % 0.00 % 0.00 % 0.00 % 0.00 % Ms. Carmen García de Andrés 0.00 % 0.00 % 0.00 % 0.00 % 0.00 % 0.00 % 0.00 % Ms. María Luisa García Blanco 0.00 % 0.00 % 0.00 % 0.00 % 0.00 % 0.00 % 0.00 % Mr. Peter Löscher 0.00 % 0.00 % 0.00 % 0.00 % 0.00 % 0.00 % 0.00 % Mr. Francisco Javier de Paz Mancho 0.00 % 0.00 % 0.00 % 0.00 % 0.00 % 0.00 % 0.00 % Mr. Francisco José Riberas Mera 0.00 % 0.21 % 0.00 % 0.00 % 0.21 % 0.00 % 0.00 % Total percentage of voting rights held by the Board of Directors 0.37% Breakdown of the indirect holding: Name or company name of director Name or comany name of the direct owner % voting rights attributed to shares % of voting rights through financial instruments % of total voting rights % voting rights which may be transferred through financial instruments Mr. José María Abril Pérez Other company shareholders 0.01 % 0.00 % 0.01 % 0.00 % Mr. José Javier Echenique Landiríbar Other company shareholders 0.00 % 0.00 % 0.00 % 0.00 % Ms. María Luisa García Blanco Mr. Francisco José Riberas Mera Other company shareholders 0.00 % 0.00 % 0.00 % 0.00 % Other company shareholders 0.21 % 0.00 % 0.21 % 0.00 % List the total percentage of voting rights represented on the Board: Total percentage of voting rights held by the Board of Directors 8.74% A.7 Indicate whether the company has been notified of any shareholders’ agreements that may affect it, in accordance with the provisions of Articles 530 and 531 of the Spanish Corporate Enterprises Act. If so, describe them briefly and list the shareholders bound by the agreement: Yes.  Parties to the shareholders' agreement: Telefónica, S.A. Prosegur Global Alarmas Row, S.L./ Prosegur Compañía de Seguridad, S.A. % of share capital concerned: 0.86% Brief description of the agreement: On February 28, 2020, as part of the transaction whereby Telefónica de Contenidos, S.A. acquired 50% of the share capital of Prosegur Alarmas España, S.L. from Prosegur Global Alarmas Row, S.L., 49,545,262 shares of Telefónica, S.A. (the "Shares") were delivered to Prosegur Global Alarmas Row, S.L. as payment of the transaction price. On the same day, Telefónica, S.A., Prosegur Global Alarmas Row, S.L., as shareholder, and Prosegur Compañía de Seguridad, S.A. as guarantor, signed a contract whereby Prosegur Global Alarmas Row, S.L. Consolidated Annual Report  2022 undertook, among other obligations, to assume certain restrictions on the transferability of the Shares delivered to it (the Shareholders' Agreement). In particular, the Shareholders' Agreement restricted the free transfer of the Shares for a period of nine months from the date of signature and provides for a number of covenants governing the transfer of the Shares after that initial period. This agreement was notified to the Spanish Securities and Exchange Commission as 'Other Relevant Information' on February 28, 2020, including a transcription of the relevant clauses included in the agreement relating to restrictions on the transferability and orderly sale of the Shares. On December 2, 2020, Prosegur Global Alarmas Row, S.L. transferred 39,545,262 Shares to Prosegur Alarmas España, S.L. (company of the Prosegur Group). As a consequence of the transfer and the provisions of Clause 2.3 of the Shareholders' Agreement, Prosegur Alarmas España, S.L. entered into an agreement to adhere to the Shareholders' Agreement, becoming bound in its capacity as guarantor and shareholder. Expiry date of the agreement, if any:Indicate whether the company is aware of any concerted actions among its shareholders. If so, provide a brief description:  No. A.8 Indicate whether any individual or company exercises or may exercise control over the company in accordance with Article 5 of the Spanish Securities Market Act. If so, please identify them:   A.9 Complete the following table with details of the company’s treasury shares: At the closing date of the financial year: Number of direct shares Number of indirect shares (*) Total percentage of share capital 85,217,621 — 1.48 % (*) Through:-A.11 Estimated float: Estimated float % 84.44 % A.14 Indicate whether the company has issued shares that are not traded on a regulated EU market:  Yes.  Q4
Regarding the reading on Telefonica "Main aspects of Corporate Governance in 2022 and prospects for 2023"
•	a) How would you define the ownership structure of the firm?  and which kind of agency problems do you anticipate in the firm?