Telefonica Brasil, S.A. announced that the Board of Directors, in a meeting held on August 8, 2013, appointed Mr. Alberto Manuel Horcajo Aguirre to fill the position of Chief Financial, Control and Investor Relations Officer, complementing the current tenure. The Director now elected was initially appointed to the position, and its effective election and investiture had been conditioned to obtaining permission to do so by the Ministry of Labor and Employment, this requirement has been complied with in full. With the effective election and investiture of Alberto Manuel Horcajo Aguirre, ends on this date, the exercise of that interim position by Mr. Paulo Cesar Pereira Teixeira.

The posts of Chief Executive Officer, General and Executive Officer and General Secretary and Legal Officer will continue to be exercised by the current holders: Messrs. Antonio Carlos Valente da Silva, Paulo Cesar Pereira Teixeira and Breno Rodrigo Pacheco de Oliveira, respectively.