TELEFONICA S A

Ticker: TELFY CUSIP: 879382208 Class: SPONSORED ADR

Liberty Mutual Group Asset Management Inc.'s Holding History (CIK: 0001533497)

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

Q3 2017

Shares 45,500 Value ($000) $491 Avg Close — Range —

Q2 2017

Shares 45,500 Value ($000) $473 Avg Close — Range —

Q1 2017

Shares 38,800 Value ($000) $434 Avg Close — Range —

Period	Shares	Value ($000)	Average Close	Price Range
Q3 2017	45,500	$491	—	—
Q2 2017	45,500	$473	—	—
Q1 2017	38,800	$434	—	—