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 2016

(São Paulo, Brazil; February 23, 2017) -Telefônica Brasil S.A. (NYSE: VIV; BOVESPA: VIVT3.ON and VIVT4.PN) (the "Company") hereby announces that on February 23, 2017, the Company filed its annual report on Form 20-F for the fiscal year ended December 31, 2016 (the "2016 Annual Report") with the U.S. Securities and Exchange Commission (the "SEC"). The 2016 Annual Report can be accessed by visiting either the SEC's website at www.sec.gov or the Company's website at www.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 Investor Relations Officer Telephone: +55 11 3430-3687 Email: ir.br@telefonica.com

Telefônica Brasil SA published this content on 23 February 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 23 February 2017 22:53:10 UTC.

Original documenthttp://telefonica.mediagroup.com.br/en/Download/1502_Press_Release_Telef_Brasil_20F_2016_(english).pdf

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