TELEFONICA S A

Ticker: TELFY CUSIP: 879382208 Class: SPONSORED ADR

Northwest & Ethical Investments L.P.'s Holding History (CIK: 0002033536)

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

Q4 2011
Shares 5,500 Value ($000) $95 Avg Close — Range —
Q3 2011
Shares 5,500 Value ($000) $105 Avg Close — Range —
Q2 2011
Shares 5,500 Value ($000) $135 Avg Close — Range —
Q1 2011
Shares 8,200 Value ($000) $207 Avg Close — Range —
Q4 2010
Shares 3,300 Value ($000) $226 Avg Close — Range —
Q3 2010
Shares 3,300 Value ($000) $245 Avg Close — Range —
Q2 2010
Shares 3,300 Value ($000) $183 Avg Close — Range —
Q1 2010
Shares 3,300 Value ($000) $235 Avg Close — Range —
Q4 2009
Shares 3,300 Value ($000) $276 Avg Close — Range —
Q3 2009
Shares 3,300 Value ($000) $274 Avg Close — Range —