Telefônica Brasil S A : Minutes of the 396th Meeting of the Board of Directors

TELEFÔNICA BRASIL S.A.

Publicly Held Company

Corporate Taxpayer's ID (CNPJ/MF): 02.558.157/0001-62

Company Registry (NIRE): 35.3.0015881-4

MINUTES OF THE 396th BOARD OF DIRECTORS' MEETING

OF TELEFÔNICA BRASIL S.A. HELD ON APRIL 15, 2021

1. DATE, TIME AND VENUE: On April 15, 2021, at 1:00 p.m., exceptionally, due to the COVID-19 pandemic, held remotely, as provided in Article 19, paragraph 1 of the Internal
   Rules of the Board of Directors and the Technical and Advisory Committees ("Rules") of Telefônica Brasil S.A. ("Company").
2. CALL NOTICE AND ATTENDANCE: The call was waived given the presence of all members of the Board of Directors, who subscribe these minutes, pursuant to article 15, paragraph 2 of the Company's Bylaws, and therefore constituting a quorum in accordance with the Bylaws. The General-Secretary and Legal Officer, Mr. Breno Rodrigo Pacheco de Oliveira, also attended the meeting as Secretary.
3. PRESIDING: Eduardo Navarro de Carvalho - Chair; Breno Rodrigo Pacheco de Oliveira - Secretary.
4. AGENDA AND RESOLUTION: After examining and deliberating on the matter on the Agenda, the members of the Board of Directors unanimously decided as follows:

4.1. Statement of Interest on Capital:The proposal to state interest on capital ("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.

5. CLOSURE: There being no futher matters to discuss, the Chairman stated that the meeting was adjourned and these minutes were drawn up. São Paulo, April 15, 2021. (aa) Eduardo Navarro de Carvalho -Chairman of the Board of Directors. Board Members:

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TELEFÔNICA BRASIL S.A.

Publicly Held Company

Corporate Taxpayer's ID (CNPJ/MF): 02.558.157/0001-62

Company Registry (NIRE): 35.3.0015881-4

MINUTES OF THE 396th BOARD OF DIRECTORS' MEETING

OF TELEFÔNICA BRASIL S.A. HELD ON APRIL 15, 2021

Ana Theresa Masetti Borsari; Antonio Carlos Valente da Silva; Christian Mauad Gebara; Claudia Maria Costin; Francisco Javier de Paz Mancho; José María Del Rey Osorio; Juan Carlos Ros Brugueras; Julio Esteban Linares Lopez; Luiz Fernando Furlan; Narcís Serra Serra and Sonia Julia Sulzbeck Villalobos. Secretary: Breno Rodrigo Pacheco de Oliveira.

This is a free English translation of the Minutes of the 396th Board of Directors' Meeting of Telefônica Brasil S.A., held on April 15, 2021, drawn up in the Company's book.

Breno Rodrigo Pacheco de Oliveira

Secretary

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