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    VIVT3   BRVIVTACNOR0

TELEFÔNICA BRASIL S.A.

(VIVT3)
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Telefônica Brasil S A : Notice to Shareholders - Deliberation of Interest on Own Capital

04/15/2021 | 08:02pm EDT

TELEFÔNICA BRASIL S.A.

Publicly Held Company

Corporate Taxpayer's ID (CNPJ/MF): 02.558.157/0001-62

Company Registry (NIRE): 35.3.001.5881-4

NOTICE TO SHAREHOLDERS

DECLARATION OF INTEREST ON CAPITAL

Telefônica Brasil S.A. ("Company") communicates to the Shareholders that, at the meeting held on April 15, 2021, the Company's Board of Directors resolved on the payment of Interest on Capital ("IoC") for the fiscal year 2021, pursuant to Article 26 of the Company's Bylaws, Article 9 of Law 9,249/95 and CVM Resolution 683/2012, in the gross amount of two hundred and eighty million reais (R$280,000,000.00), withholding income tax at the rate of 15%, resulting in a net amount of two hundred and thirty-eight million reais (R$238,000,000.00), based on the balance sheet of March 31, 2021. The amount per share is described in the table below:

Type of

Declaration

Shareholding

Gross Amount per

Withholding

Net Amount

Income Tax

Payment

Date

Position

Share (R$)

per Share (R$)

(15%)

Interest on

4/15/2021

4/30/2021

0.16611398457

0.02491709768

0.14119688689

Capital

As established in article 26 of the Company's Bylaws, said interest will be considered as part of the mandatory minimum dividends for the fiscal year 2021, subject to approval by the General Shareholders' Meeting to be held in 2022.

The amount of interest on capital per share described in the table above may be adjusted in the future, until April 30, 2021, due to possible acquisitions of shares under the Company's Share Buyback Program.

The interest on capital will be paid individually to each shareholder, based on the shareholding position in the Company's records at the end of April 30, 2021. After this date, the shares will be traded "ex-interest on capital." The interest on capital will be paid by July 31, 2022, and the Company's Executive Board is responsible for fixing the exact date.

TELEFÔNICA BRASIL S.A.

Publicly Held Company

Corporate Taxpayer's ID (CNPJ/MF): 02.558.157/0001-62

Company Registry (NIRE): 35.3.001.5881-4

Shareholders who are immune to or exempt from income tax, in accordance with the current legislation, must prove such conditions by May 5, 2021 to the Shares and Custody Department of Banco Bradesco S.A., the depositary institution of the Company's book- entry shares, located at Cidade de Deus, s/n, Prédio Amarelo Velho, sub-solo - Vila Yara - Zip Code: 06029-900, in the city of Osasco, São Paulo state.

São Paulo, April 15, 2021.

David Melcon Sanchez-Friera

CFO and Investor Relations Officer

Telefônica Brasil - Investor Relations

Phone: +55 11 3430 3687

Email: ir.br@telefonica.com

www.telefonica.com.br/ri

Disclaimer

Telefônica Brasil SA published this content on 15 April 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 16 April 2021 00:01:09 UTC.


© Publicnow 2021
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Sales 2021 43 866 M 8 272 M 8 272 M
Net income 2021 5 335 M 1 006 M 1 006 M
Net Debt 2021 3 372 M 636 M 636 M
P/E ratio 2021 13,8x
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Capitalization 73 885 M 13 946 M 13 933 M
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EV / Sales 2022 1,66x
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Free-Float 55,1%
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Telefônica Brasil S.A. Technical Analysis Chart | VIVT3 | BRVIVTACNOR0 | MarketScreener
Technical analysis trends TELEFÔNICA BRASIL S.A.
Short TermMid-TermLong Term
TrendsNeutralNeutralBearish
Income Statement Evolution
Consensus
Sell
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Mean consensus BUY
Number of Analysts 12
Last Close Price 43,85 BRL
Average target price 58,49 BRL
Spread / Average Target 33,4%
EPS Revisions
Managers and Directors
Christian Mauad Gebara Chief Executive Officer & Director
David Melcon Sanchez-Friera Chief Financial & Investor Relations Officer
Eduardo Navarro de Carvalho Chairman
Francisco Javier de Paz Mancho Director
Luiz Fernando Furlán Director
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