TELEFONICA BRASIL S.A.

Telefônica Brasil S.A. has called an Extraordinary Shareholders' Meeting for July 31, 2026, to vote on the merger of Fibrasil Infraestrutura e Fibra Ótica S.A. into the company. The agenda includes ratifying PriceWaterhouseCoopers as the appraiser for Fibrasil's equity, examining the appraisal report and merger protocol, and resolving on the merger, which is proposed to be effective August 1, 2026. Additionally, shareholders will ratify the election of an independent board member.

Telefônica Brasil S.A. Board of Directors approved the merger of its wholly-owned subsidiary, Fibrasil Infraestrutura e Fibra Ótica S.A., into the Company. This strategic move aims to optimize telecommunications infrastructure asset management, expand in the fiber market, simplify corporate structure, and reduce costs. The merger, valued at R$812.6 million based on Fibrasil's equity as of December 31, 2025, is expected to be effective August 1, 2026, pending shareholder approval.

Telefônica Brasil S.A. announced a proposal to merge its wholly-owned subsidiary, Fibrasil Infraestrutura e Fibra Ótica S.A., into the parent company. This strategic move aims to optimize telecommunications infrastructure asset management, expand in the fiber market, simplify the corporate structure, and reduce operational costs. The Audit and Control Committee has recommended the merger, which is expected to become effective on August 1, 2026, pending approval by the Board of Directors and an Extraordinary General Meeting of shareholders. Fibrasil's shareholders' equity was appraised at R$ 812.6 million as of December 31, 2025.

Telefônica Brasil S.A. announced that its Fiscal Council has unanimously issued a favorable opinion and recommended the approval of the merger of its wholly-owned subsidiary, Fibrasil Infraestrutura e Fibra Ótica S.A. The merger is part of the company's strategy to optimize telecommunications infrastructure asset management and expand in the fiber market, leading to a simplified corporate structure, faster decision-making, operational optimization, and cost reduction. The appraisal report for Fibrasil's equity, valued at R$ 812,613,844.28 as of December 31, 2025, was prepared by PriceWaterhouseCoopers. The merger is anticipated to become effective on August 1, 2026.

Telefonica Brasil's Fiscal Council unanimously approved a proposal for the declaration of Interest on Capital (IoC) totaling R$230,000,000.00 gross. This corresponds to R$189,750,000.00 net of withholding income tax. The IoC will be credited to shareholders based on their position as of June 26, 2026, with payment expected by April 30, 2027.

Telefônica Brasil S.A.'s Board of Directors approved a proposal for the declaration of Interest on Capital (IoC) totaling R$230,000,000.00 gross, based on the balance sheet of May 31, 2026. The net amount, after a 17.5% withholding income tax, is R$189,750,000.00. Shareholders on record as of June 26, 2026, will be eligible for the payment, which is scheduled to be made by April 30, 2027, and will be allocated to the mandatory minimum dividend for the fiscal year ending December 31, 2026.

Telefônica Brasil S.A. announced its Board of Directors approved the declaration of Interest on Capital (IoC) in the gross amount of R$230 million. This IoC, based on the May 31, 2026 balance sheet, will be paid by April 30, 2027, to shareholders of record on June 26, 2026. The amount per share is R$0.07197382114 gross, R$0.05937840244 net, after a 17.5% withholding tax. This IoC will be considered part of the mandatory dividends for the fiscal year ending December 31, 2026.

Telefonica Brasil S.A. announced the confirmation of the Interest on Capital (IoC) amount, initially deliberated on May 15, 2026. The company stated that no share acquisitions, divestitures, or cancellations under its Share Buyback Program occurred, thus keeping the IoC amount per share unchanged. Shareholders on record as of May 27, 2026, will receive a gross amount of R$0.18775779427 per share, with the net amount being R$0.15490018027 after a 17.5% withholding tax. The payment is scheduled to be completed by April 30, 2027.

Telefônica Brasil S.A. confirmed the final amount per share for its capital reduction, previously approved on March 12, 2026. The company will pay R$1.25171862845 per share, totaling R$4 billion, as no treasury share transactions occurred. Shareholders of record as of May 22, 2026, will receive the payment in a single installment on July 14, 2026.

Telefônica Brasil S.A. filed its complete bylaws, outlining its corporate structure, governance, and operational framework. The bylaws detail the company's broad corporate purpose, including telecommunications, digital services, and IT solutions, and its ability to participate in other entities. It specifies the authorized capital of up to 1.85 billion common shares and a subscribed capital of 56.07 billion reais. The document also defines the composition and authorities of the Board of Directors and the Executive Office, including their roles in approving budgets, investments, and strategic decisions.