TELEFONICA S A

Ticker: TELFY CUSIP: 879382208 Class: SPONSORED ADR

TOCQUEVILLE ASSET MANAGEMENT L.P.'s Holding History (CIK: 0000883961)

Note: Option positions (PUT/CALL) are excluded.

Q2 2015

Shares 12,152 Value ($000) $173 Avg Close — Range —

Q1 2015

Shares 12,062 Value ($000) $173 Avg Close — Range —

Q4 2014

Shares 13,490 Value ($000) $192 Avg Close — Range —

Q2 2014

Shares 757 Value ($000) $13 Avg Close — Range —

Period	Shares	Value ($000)	Average Close	Price Range
Q2 2015	12,152	$173	—	—
Q1 2015	12,062	$173	—	—
Q4 2014	13,490	$192	—	—
Q2 2014	757	$13	—	—