Telefônica Brasil S.A. announced the following:

The company set April 14, 2026 as the payment date for the Interest on Capital (IoC) declared in the 2nd, 3rd and 4th quarters of 2025. The total gross amount declared is R$2.99 billion, corresponding to a total gross amount per share of R$0.92998912968 and a net amount per share of R$0.79049076023. These payments will be offset against the mandatory minimum dividend for the fiscal year ended December 31, 2025. Any IoC not claimed within three years from the payment date will lapse and revert to the company.

In addition, shareholders will vote at the Extraordinary Shareholders’ Meeting on March 12, 2026 on a proposed capital reduction of R$4.0 billion. If approved, the reduction will result in a payment of R$1.25171862845 per share, to be paid in a single installment on July 14, 2026. Shareholder eligibility will be based on the company’s records as of May 22, 2026, after which the shares will trade ex-reimbursement rights.

Source: Telefônica Brasil S.A. Notice to Shareholders