TELEFÔNICA BRASIL S.A.

PUBLICLY-HELD COMPANY

CNPJ MF 02.558.157/0001-62 - NIRE 35.3.001.5881-4

TELEFÔNICA BRASIL S.A. ANNOUNCES THE FILING OF ITS

ANNUAL REPORT ON FORM 20-F FOR FISCAL YEAR 2017

(São Paulo, Brazil; February 21, 2018) -Telefônica Brasil S.A. (NYSE: VIV;

B3: VIVT3.ON and VIVT4.PN) (the "Company") hereby announces that on

February 21, 2018, the Company filed its annual report on Form 20-F for the fiscal year ended December 31, 2017 (the "2017 Annual Report") with the U.S. Securities and Exchange Commission (the "SEC"). The 2017 Annual Report can be accessed by visiting either the SEC's website atwww.sec.gov or the

Company's website atwww.telefonica.com.br/ir.In addition, shareholders may receive a hard copy of the Company's complete audited financial statements free of charge, by requesting a copy from:

David Melcon Sanchez-Friera CFO and Investor Relations Officer

Telephone: +55 11 3430-3687 Email:ir.br@telefonica.com

Telefônica Brasil SA published this content on 21 February 2018 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 21 February 2018 13:35:07 UTC.

Original documenthttp://ri.telefonica.com.br/en/Download/1620_Press_Release_TEF_Brasil_20F_2017_ENG.pdf

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