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Telmex proposes stock split, dificend payment and to increase funds for share repurchase. Mexico City, March 9, 2005 Teléfonos de México, S.A. de C.V. (TELMEX) (BMV:TELMEX; NYSE: TMX, NASDAQ:TFONY; LATIBEX: XTMXL) announced that the Board of Directors, at their meeting held today, resolved to call for the Extraordinary, series "L" Special, and Annual Shareholders´ Meetings, to be held on April 28, 2005, in order to discuss, among other matters, the following proposals: a two-for one stock split; the approval of the Board of Directors report and financial statements for fiscal year 2004; the designation or ratification, as the case may be, of the members of the Board of Directors; the ratification of the activities of the Board of Directors; to declare a cash dividend of $0.76 Mexican pesos per outstanding share in four equal payments of $0.19 Mexican pesos per share, resulting from the net tax profit account, with its implicit dividend adjustment of $0.38 Mexican pesos per share and $0.095 Mexican pesos per payment if the stock split is approved. Dividend payments are proposed to be made in Mexico since June 23, 2 005, since September 22, 2005, since December 20, 2005 and since March 23, 2006, respectively. Also, the proposal to increase an additional 6 billion Mexican pesos the funds to purchase its own shares.
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