VIV · Telefônica Brasil S.A.

Telefônica Brasil S.A. has completed its capital reduction process approved at the Extraordinary Shareholders’ Meeting on March 12, 2026, with effectiveness confirmed on May 14, 2026, after the statutory waiting period expired. This triggers a direct cash return to shareholders of R$1.25171862845 per common share, calculated across 3,195,606,352 shares outstanding as of December 31, 2025, excluding 30,940,270 treasury shares. The per-share amount reflects the shareholding position at year-end 2025 but will be adjusted based on the verified shareholder base as of May 22, 2026, after which shares trade ex-reimbursement rights. Payment occurs in a single installment on July 14, 2026, via B3 settlement procedures, direct bank transfers for registered shareholders, brokerage firms for custodied shares, or in-person at Banco Bradesco branches. For non-resident shareholders, the company will withhold IRRF on capital gains—defined as reimbursement minus acquisition cost—with progressive rates from 15% to 22.5% or a flat 25% for favorable tax jurisdictions. Non-residents must submit detailed acquisition cost data in Excel format by June 4, 2026, or the company assumes zero cost, maximizing tax liability. Brazilian residents handle their own tax obligations. This event provides immediate liquidity to shareholders while detailing compliance requirements, signed by CFO Rodrigo Rossi Monari and IR Director João Pedro Carneiro.