TELEFÔNICA BRASIL S.A.

Publicly-held Company

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

Ordinary Shareholders' Meeting

Call Notice

The Shareholders of Telefônica Brasil S.A. ("Company") are hereby called to the Ordinary Shareholders' Meeting ("Meeting") to be held at 11:00 a.m. on April 15th, 2021, at the Company's head office, located at Avenida Eng. Luiz Carlos Berrini, 1376, Cidade Monções neighborhood, in the Capital of the State of São Paulo, to resolve on the following agenda:

1. Examine the management's accounts, analyze, discuss, and vote on the Company's Financial Statements, alongside with the Management Report, Independent Auditors' Report and Fiscal Board Report related to the fiscal year ended on December 31, 2020;

2. Resolve on the profitability allocation for the fiscal year ended December 31, 2020 and on the distribution of dividends to the shareholders of the Company;

  • 3. Elect the members of the Fiscal Board for a new term; and

  • 4. Set the amount of the global annual remuneration for the administrators and members of the Fiscal Board for the fiscal year 2021.

General Instructions:

(i) In accordance with Article 10 of the Bylaws:

- May only participate and vote at the Shareholders' Meeting the shareholders whose shares are registered in their name in the records of the depositary institution, up to 72 (seventy-two) hours before the date appointed for the respective Meeting; and

- The shareholders must also present, up to 72 hours prior to the Meeting's date, a extract containing the respective shareholding position, issued by the custodian body, in accordance with the Shareholders' Meeting Manual.

(ii) The shareholder's participation may be personal, by legally constituted attorney/ legal representative or via a remote vote bulletin, and detailed guidance on the documentation required in each case is mentioned in the Shareholders' Meeting Manual:

- Personal: If the shareholder chooses to participate personally in the Meeting, the shareholder must attend the Meeting with a document proving their identity (identity card and CPF).

- Representation in the Meeting by Attorneys/Legal Representative: In order to confer more celerity and efficiency to the work of the Shareholders' Meeting, in accordance with the provisions of paragraph 2 of article 10 of the Bylaws, in case the shareholder chooses to exercise its right to vote in the Meeting through an attorney or legal representative, as the case may be, the Company hereby informs that the representation and documentation mandates described in the Shareholders' Meeting Manual shall be deposited at the Company's headquarters at Avenida Engenheiro Luiz Carlos Berrini, 1376, 17th floor, CEP 04571-936, Cidade Monções, in the Capital of the State of São Paulo, to the attention of the Investor Relations Office, on business days, from Monday to Friday, from 9:00 am to 6:00 pm, up to 72 (seventy-two) hours before the date designated for the Meeting. Exceptionally for this Meeting, in order to ensure the participation of shareholders, it will be accepted to send mandates of representation and documentation described in the Meeting Manual, through the electronic addressir.br@telefonica.com, up to 72 (seventy-two) hours before the date designated for the Meeting, provided they are produced and signed using the ICP-Brasil certification.

- Remote Vote Bulletin: If the shareholder chooses to exercise his right to vote remotely, pursuant to CVM Instruction 481/09, as amended ("ICVM 481"), he/she may send the vote bulletin through his/her respective custody agent, through the Company's custody agent (Banco Bradesco S.A.) or directly to the Company, according to the guidelines contained in the Shareholders' Meeting Manual and in the remote vote bulletin. Due to the COVID-19 pandemic, the Company recommends to its shareholders to cast their votes for the Meeting using the remote vote bulletin, to be sent through the options indicated above, avoiding the attendance in person at the referred Meeting. In any case, the Company clarifies that, during the Meeting, it will adopt the necessary sanitary preventive measures. The Company also informs that, in the event of a worsening of the Covid-19 pandemic, this Meeting may be converted into an exclusively digital meeting, under the terms of ICVM 481. In this case, the Company will restate the documents related to the Meeting, informing its shareholders on the means of participation and related procedures;

(iii) The documents listed in Article 133 of the Law n. 6404/76, as amended ("Corporations Law") were published in Valor Econômico and Official Gazette of the State of São Paulo on February 24, 2021; and

(iv) All documents related to the agenda are available to shareholders at the Company's head office and may also be found on the websites of the Brazilian Securities Commission - CVM (www.cvm.gov.br), B3 S.A. - Brasil, Bolsa, Balcão (www.b3.com.br) and the Company's website (www.telefonica.com.br/ir), in accordance with the provisions of the Corporations Law and CVM Instruction no. 481.

São Paulo, March 03rd, 2021.

Eduardo Navarro de Carvalho

Chairman of the Board of Directors

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Disclaimer

Telefônica Brasil SA published this content on 03 March 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 03 March 2021 22:14:00 UTC.