Telefônica Brasil S.A. announced that the Board of Directors at their meeting held on December 11, 2020 approved, by unanimous decision, the proposal of distribution of Interim Dividends based on the balance sheet of November 30, 2020, in the gross amount of BRL 1,200,000,000.00. The dividend per share equals BRL 0.71082712945 per common share. The Dividend shall be credited individually to shareholders, in accordance to the shareholder registry book position by the end of December 28, 2020. After this date, the shares will be considered ex-Interest on Capita. The Dividend will be imputed to the minimum mandatory dividend of the fiscal year 2020 ad referendum of the General Shareholders Meeting to be held in 2021, and the payment will be carried out before December, 31, 2020, in a date to be defined by the Companys Board.