Telefonica Moviles S.A.

Born in Madrid,12th of December 1963. Mr. Álvarez-Pallete has a degree in Economics from the Complutense University of Madrid. He also studied Economics at the Université Libre in Belgium, holds an international Management Programme from IPADE and an Advance Research Degree from the Complutense University of Madrid. He was appointed Chairman and CEO of Telefónica Internacional, S.A. in July 2002, and General Manager of Telefónica Latinoamérica as well as member of the Board of Telefónica, S.A. in July 2006. He is also a member of the following Board of Director: Telecomunicaçoes de Sao Paulo, S.A., Telefónica DataCorp, S.A.U., Colombia Telecomunicaciones, S.A. ESP, Telefónica Móviles México, S.A. de C.V., Telefónica Larga Distancia de Puerto Rico, TLD, Telefónica del Perú, S.A.A., Telefónica Internacional Chile, S.A., Telefónica USA, Inc. and Portugal Telecom, SGPS, S.A. He is also Chairman of the Supervisory Board of Brasilcel, N.V., and Deputy Director of Telefónica Móviles Colombia, S.A., Telefónica de Argentina, S.A., Compañía de Telecomunicaciones de Chile, S.A. and Telefónica Móviles Chile, S.A. He began his professional career with Auditors Arthur Young in 1987, before joining Benito & Monjardín / Kidder, Peabody & Co. in 1988. After this, in 1995 he joined the Company of Cementos Portland (Cemex) as head of the Investor Relations and Studies Department. In 1996 he was promoted to Financial Manager for Spain, and in 1998, to General Manager for Administration and Finance responsible for the Cemex Group´s interests in Indonesia and member of the Board of Cemex Asia, Ltd. In February 1999 he joined the Telefónica Group as a General Manager of Finance for Telefónica Internacional, S.A. In September of the same year was given the post of General Manager of Corporate Finance in Telefónica, S.A. He has been member of the Board of Directors of Cemex Singapur, Telefónica Publicidad e Información, S.A., Telefónica de España, S.A., Telefónica Móviles España, S.A., Telefónica O2 Europe, Plc., China Netcom Group Corporation Limited, and member of the Supervisory Board of Telefónica O2 Czech Republic, s.a.