Telefônica Brasil S A : Notice to the Market - Neutral Fiber Network Negotiations

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. ("Company or Telefônica Brasil") (B3: VIVT3 / NYSE: VIV), in the form and for the purpose of CVM Instruction 358/2002 ("ICVM 358"), communicates to its shareholders and to the market in general that, in line with the strategy described in the Notice to the Market, released on July 29th, 2020, it is in advanced negotiations with a leading international financial investor for the construction and offer of a neutral, independent fiber optic wholesale network.

This new company, in which Telefónica Infra, a Telefónica Group infrastructure unit, will have an equity stake, aims to accelerate the expansion of fiber to new locations, through a CapEx light model for Telefônica Brasil, and capture value through third party penetration.

This initiative and the carrying out of any related operations will be subject to the relevant corporate and regulatory approvals.

The Company will keep its shareholders and the market in general informed about the evolution of the matters covered by this Notice to the Market, in accordance with ICVM 358 and applicable legislation, in compliance with the regulations in force.

São Paulo, February 23rd, 2021.

David Melcon Sanchez-Friera

CFO and Investor Relations Officer

Telefônica Brasil - Investor Relations

Phone: [phone] Email:[e-mail]/ir