Telefônica Brasil S A : Minutes of the 194th Meeting of the Fiscal Board
April 15, 2021 at 08:02 pm EDT
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TELEFÔNICA BRASIL S.A.
Publicly Held Company
Corporate Taxpayer's ID (CNPJ/ME): 02.558.157/0001-62 - Company Registry (NIRE)
35.3.0015881-4
MINUTES OF THE 194th FISCAL COUNCIL' MEETING OF TELEFÔNICA BRASIL
S.A. HELD ON APRIL 14, 2021.
DATE, TIME AND VENUE: On April 14, 2021, at 12:00 p.m., exceptionally, due to the COVID-19 pandemic, held remotely, as provided in Article 17, sole paragraph of the Internal Regulations of the Fiscal Council ("Regulations") of Telefônica Brasil S.A. ("Company').
CALL NOTICE AND ATTENDANCE: The call was waived given the presence of all members of the Company's Fiscal Council ("Fiscal Council"), who subscribe these minutes, pursuant to article 13, paragraph 2 of the Company's Bylaws. Also in attendance was the Corporate and Societal Affairs Executive Officer, Ms. Carolina Simões Cardoso, as Secretary.
AGENDA AND RESOLUTION: After examining and deliberating on the matter on the Agenda, the attending members of the Fiscal Council unanimously decided as follows:
3.1. STATEMENT OF INTEREST ON CAPITAL: The proposal for the statement of interest on capital ("IOC") to be submitted to the Company's Board of Directors for deliberation, in the following terms, was appreciated:
"Proposal to state IOC based on the balance sheet as of March 31, 2021, in the gross amount of R$280,000,000.00, corresponding to R$238,000,000.00 net of withholding income tax, was approved. The interest per share is equivalent to R$0.16611398457 per common share (R$0.14119688689 net of income tax).
The IOC shall be credited individually to the shareholders, in accordance with the shareholding position in the Company's records at the end of April 30, 2021. After this date the shares will be considered "ex-interests".
The IOC will be included in the minimum mandatory dividend for fiscal year 2021 "ad referendum" of the General Shareholders' Meeting to be held in 2022, and the payment will be made until July 31, 2022, the date to be set by the Company's Board of Directors."
Unanimously, the members of the Fiscal Council approved the proposal, given that they consider it to be in compliance with the applicable legislation.
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TELEFÔNICA BRASIL S.A.
Publicly Held Company
Corporate Taxpayer's ID (CNPJ/ME): 02.558.157/0001-62 - Company Registry (NIRE)
35.3.0015881-4
4. CLOSURE: There being no further business, the meeting was closed and these minutes were drawn up. São Paulo, April 14, 2021.
Gabriela Soares Pedercini
Cremênio Medola Netto
Fiscal Council Member
Fiscal Council Member
Charles Edwards Allen
Carolina Simões Cardoso
Fiscal Council Member
Secretary
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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.
Telefonica Brasil S.A. is a mobile telecommunications company in Brazil offering postpaid mobile services. The Company also operates as a fixed telecommunications company in the state of Sao Paulo. The Company markets its mobile services under its Vivo brand. It offers its clients a portfolio of products, including mobile and fixed voice, mobile data, fixed broadband, ultra-fast broadband, Pay television, information technology and digital services. Its operations consist of local and long distance fixed telephone services; mobile services, including value-added services; data services, including broadband services and mobile data services; Pay television services through direct to home (DTH), Internet protocol television (IPTV) and cable; network services, such as rental of facilities, as well as other services; wholesale services, including interconnection; digital services; services designed specifically for corporate customers, and the sale of wireless devices and accessories.
TELEFÔNICA BRASIL S.A. 
