Telefonica Brasil : 04/30/2019 Notice to the Market - April 17, 2019 IOC amount per share confirmation

TELEFÔNICA BRASIL S.A.

Publicly-held Company

CNPJ MF 02.558.157/0001-62 - NIRE 35.3.001.5881-4

NOTICE TO THE MARKET

DELIBERATION OF INTEREST ON CAPITAL

Continuing the Notice to Shareholders of April 17, 2019, published in the editions of April 18, 2019 of the newspaper Valor Econômico and April 19, 2019 of the newspaper Diário Oficial do Estado de São Paulo, Telefônica Brasil S.A. ("Company") announces to its shareholders that there were no acquisitions, divestitures or cancellations of shares held in treasury under the Company's Share Buyback Program. Thus, the amounts per share for the Interest on Capital deliberated by the Board of Directors on April 17, 2019 remain unchanged as described in the table below:

Amount per share (R$)	Immune or Exempt Legal	Withholding tax	Taxed Legal Entities and
Entities (gross value)	Individuals (Net value)
(15%)
Common shares	0.31655626796	0.04748344019	0.26907282777
Preferred shares (*)	0.34821189476	0.05223178422	0.29598011054

(*)10% higher than the amount granted to each common share, in accordance with article 7 of the

Company's Bylaws.

The credit of Interest on Own Capital will be made on individual basis for each shareholder, in accordance to the shareholder registry book position by the end of the day, on April 30, 2019. After this date the shares will be considered as "ex-Interest on Own Capital". The payment of these proceeds will be carried out before the end of the fiscal year of 2020, in a date to be defined by the Company's Board.

São Paulo, April 30, 2019

David Melcon Sanchez-Friera

CFO and Investor Relations Officer

Telefônica Brasil S.A. - Investor Relations

Tel: [phone]

Email: [e-mail]

www.telefonica.com.br/ir