On Monday, September 14, 2026, the board of directors of Telefônica Brasil (VIVT3) approved the declaration of Interest on Equity (JCP, Juros sobre Capital Próprio) in the total gross amount of R$ 500,000,000, based on the balance sheet as of August 31, 2026. The initially calculated gross amount is R$ 0.15646482856 per share, subject to withholding income tax at a rate of 17.5%, resulting in a net amount of R$ 0.12908348356 per share and a total net amount of R$ 412,500,000.
The JCP will be imputed to the mandatory dividend for the fiscal year ending December 31, 2026, subject to approval by the 2027 Annual General Meeting. Shareholders of record at the close of business on September 25, 2026 will be entitled to the credit, when the shares will begin trading "ex-interest." Payment will be made by April 30, 2027, on a date to be defined by the company’s executive board.
Telefônica Brasil informs that the per-share amounts may be adjusted based on the shareholder base to be verified on September 25, 2026, considering any share purchases under the Share Repurchase Program in effect. In the event of repurchases, the company will release a market announcement with the recalculated per-share amount; if there are no repurchases during the period, the amounts reported in this notice will remain valid.
Shareholders subject to a differentiated withholding income tax regime, based on international agreements and treaties, as well as shareholders that are tax immune or exempt, must provide evidence of such status by October 2, 2026 to the Shares and Custody Department of Banco Bradesco, the institution acting as the depository for the company’s book-entry shares.
