TELMEX PRESS RELEASE: SUMMARY OF TELMEX'S ORDINARY SHAREHOLDERS MEETING

SUMMARY OF TELMEX'S ORDINARY SHAREHOLDERS MEETING

Mexico City, March 1st, 2004. Telefonos de Mexico, S.A. de C.V. (Telmex) (BMV:Telmex; NYSE:TMX; Nasdaq:TFONY; Latibex:XTMXL) announced that at its Ordinary Shareholders Meeting held today, resolved to increase the amount of funds that can be allocated to purchase the Company's own shares to 12 billion pesos, and approved other ancillary matters related therewith.

Telmex is the leading Telecommunications Company in Mexico with 15.7 million telephone lines in service, 2.2 million line equivalents for data transmission and 1.4 million Internet accounts. Telmex offers telecommunications services through a 74 thousand kilometer fiber optic digital network. Telmex and its subsidiaries offer a wide range of advanced telecommunications, data and video services, Internet access as well as integrated telecom solutions for corporate customers. More information about Telmex TELMEX can be accessed on the Internet at Telmex's Website.