TELEFONICA S A

Ticker: TELFY CUSIP: 879382208 Class: SPONSORED ADR

Ayalon Insurance Comp Ltd.'s Holding History (CIK: 0001642216)

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

Q4 2015

Shares 158 Value ($000) $2 Avg Close — Range —

Q3 2015

Shares 154 Value ($000) $2 Avg Close — Range —

Q2 2015

Shares 154 Value ($000) $2 Avg Close — Range —

Q1 2015

Shares 154 Value ($000) $2 Avg Close — Range —

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2015	158	$2	—	—
Q3 2015	154	$2	—	—
Q2 2015	154	$2	—	—
Q1 2015	154	$2	—	—