Telefônica Brasil S A : Notice to the Market - Neutral fiber optic network

TELEFÔNICA BRASIL S.A.

Publicly-held Company

CNPJ/MF nº 02.558.157/0001-62 - NIRE 35.3.0015881-4

NOTICE TO THE MARKET

Telefônica Brasil S.A. ("Companyor Telefônica Brasil") (B3: VIVT3 / VIVT4; NYSE: VIV), pursuant to Article 157 of Law 6,404 and the provisions of CVM Instruction 358, communicate to its shareholders and to the market in general what follows:

Following a global strategy of the sector, and, aiming to expand its presence with FTTH network in the country, Telefônica Brasil is evaluating the possibility of constituting a vehicle for the construction and offer of a neutral and independent fiber optic network for wholesale.

This vehicle, which may also count on the participation of partners and investors in its capital, aim to accelerate the expansion of the network to new locations, through a model of lower investment for Telefônica Brasil, and which captures value through third party penetration.

The creation of a vehicle for expansion of the FTTH network, as mentioned above, and the carrying out of any related operations are also subject to the relevant corporate and regulatory approvals.

The Company will keep its shareholders and the market in general informed, in accordance with the regulations in force.

São Paulo, July 29, 2020.

David Melcon Sanchez-Friera

CFO and Investor Relations Officer

Telefônica Brasil - Investor Relations

Phone: [phone]

Email: [e-mail]

www.telefonica.com.br/ir