<SEC-DOCUMENT>0001193125-20-108795.txt : 20200416
<SEC-HEADER>0001193125-20-108795.hdr.sgml : 20200416
<ACCEPTANCE-DATETIME>20200416092705
ACCESSION NUMBER:		0001193125-20-108795
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20200415
FILED AS OF DATE:		20200416
DATE AS OF CHANGE:		20200416

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ULTRAPAR HOLDINGS INC
		CENTRAL INDEX KEY:			0001094972
		STANDARD INDUSTRIAL CLASSIFICATION:	NATURAL GAS DISTRIBUTION [4924]
		IRS NUMBER:				000000000
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-14950
		FILM NUMBER:		20795339

	BUSINESS ADDRESS:	
		STREET 1:		AV BRIGADERIO LUIZ ANTONIO 1343
		STREET 2:		9 ANDAR SAO PAULO
		CITY:			SP BRAZIL 01350-900
		STATE:			D5
		ZIP:			00000

	MAIL ADDRESS:	
		STREET 1:		CT CORPORATION SYSTEM
		STREET 2:		1633 BROADWAY
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10019
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>d914878d6k.htm
<DESCRIPTION>6-K
<TEXT>
<HTML><HEAD>
<TITLE>6-K</TITLE>
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<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>UNITED STATES </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>SECURITIES AND EXCHANGE COMMISSION </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Washington, D.C. 20549 </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center>
<P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Form 6-K
</B></P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center> <P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Report Of Foreign Private Issuer </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Pursuant To Rule 13a-16 Or 15d-16 Of </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>The Securities Exchange Act Of 1934 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">For the month of April, 2020 </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">Commission File Number: 001-14950 </P>
<P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:14pt; font-family:Times New Roman" ALIGN="center"><B>ULTRAPAR HOLDINGS INC. </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center">(Translation of Registrant&#146;s Name into English) </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center>
<P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Avenida
Brigadeiro Luis Antonio, 1343, 9&ordm; Andar </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>S&atilde;o Paulo, SP, Brazil <FONT STYLE="white-space:nowrap">01317-910</FONT> </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center">(Address of Principal Executive Offices) </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center>
<P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center">Indicate by check mark whether the registrant files or will file annual reports under cover of Form <FONT STYLE="white-space:nowrap">20-F</FONT>
or Form <FONT STYLE="white-space:nowrap">40-F:</FONT> </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">Form <FONT STYLE="white-space:nowrap">20-F</FONT>
<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;X&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Form <FONT
STYLE="white-space:nowrap">40-F</FONT> <U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U> </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center">Indicate by check mark if the registrant is submitting the Form <FONT STYLE="white-space:nowrap">6-K</FONT> in paper as permitted by Regulation <FONT
STYLE="white-space:nowrap">S-T</FONT> Rule 101(b)(1): </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">Yes
<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; No
<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;X&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U> </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center">Indicate by check mark if the
registrant is submitting the Form <FONT STYLE="white-space:nowrap">6-K</FONT> in paper as permitted by Regulation <FONT STYLE="white-space:nowrap">S-T</FONT> Rule 101(b)(7): </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">Yes <U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; No <U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;X&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U> </P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="font-size:12pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">1 </P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>ULTRAPAR HOLDINGS INC. </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>TABLE OF CONTENTS </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD VALIGN="bottom" COLSPAN="3" NOWRAP> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-bottom:1.00pt solid #000000; display:table-cell; font-size:8pt; font-family:Times New Roman; "><B>ITEM</B></P></TD></TR>


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<TD VALIGN="bottom" ALIGN="center"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman" ALIGN="center">1.</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP><A HREF="#toc914878_1">Minutes of the Annual and Extraordinary General Shareholders&#146; Meeting held on April&nbsp;15, 2020</A></TD></TR>
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<TD HEIGHT="8" COLSPAN="2"></TD></TR>
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<TD VALIGN="bottom" ALIGN="center"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman" ALIGN="center">2.</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP><A HREF="#toc914878_2">Bylaws of Ultrapar</A></TD></TR>
</TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">1 </P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><A NAME="toc914878_1"></A>ULTRAPAR PARTICIPA&Ccedil;&Otilde;ES S.A. </B></P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD VALIGN="top" ALIGN="center"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman" ALIGN="center">CNPJ n<SUP STYLE="font-size:85%; vertical-align:top">r</SUP>
33.256.439/0001- 39</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman" ALIGN="center">NIRE 35.300.109.724</P></TD></TR>
</TABLE> <P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Minutes of the Annual and Extraordinary General Shareholders&#146; Meeting held on April&nbsp;15, 2020
</B></P> <P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Date, Time and Location</B>:<B> </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">April&nbsp;15,
2020, at 2:00 p.m., at Ultrapar Participa&ccedil;&otilde;es S.A. headquarters (&#147;Company&#148;), located at Av. Brigadeiro Lu&iacute;s Ant&ocirc;nio, n<SUP STYLE="font-size:85%; vertical-align:top">r</SUP> 1,343, 9<SUP
STYLE="font-size:85%; vertical-align:top">th</SUP> floor, in the City and State of S&atilde;o Paulo. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Attendance</B>:<B> </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The Shareholders representing 67.5% of the capital stock of the Company were present in the Extraordinary General Shareholders&#146; Meeting in the
Company&#146;s headquarters or participated through the remote voting ballot, pursuant to article 121, of the Brazilian Corporate Law and of the CVM Instruction n&ordm; 481/09; and Shareholders representing 67.4% of the capital stock of the Company
were present in the Annual General Shareholders&#146; Meeting. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Also, were present: (i)&nbsp;the Chairman and the Vice-Chairman of the Board of Directors,
Mr.&nbsp;Pedro Wongtschowski and Mr.&nbsp;Lucio de Castro Andrade Filho, respectivelly; (ii)&nbsp;the Chief Executive Officer and the Chief Financial and Investor Relations Officer, respectivelly, Mr.&nbsp;Frederico Pinheiro Fleury Curado and
Mr.&nbsp;Andr&eacute; Pires de Oliveira Dias; (iii)&nbsp;the Coordinator of the Audit and Risks Committee, Mr.&nbsp;Fl&aacute;vio C&eacute;sar Maia Luz; (iv)&nbsp;the members of the Fiscal Council of the Company, Mr.&nbsp;Geraldo Toffanello,
Mr.&nbsp;Marcelo de Amaral Morais and Mr.&nbsp;William Bezerra Cavalcanti Filho; and, (v)&nbsp;Mr.&nbsp;Marcio Serpejante Peppe, enrolled in CRC under the n<SUP STYLE="font-size:85%; vertical-align:top">r</SUP> 1SP233011/O-8, representing KPMG
Auditores Independentes, the independent auditor of the Company. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Publications</B>: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><U>Call Notice</U>: Published in the newspapers &#147;Di&aacute;rio Oficial do Estado de S&atilde;o Paulo&#148; (official gazette of the State of S&atilde;o
Paulo) on March&nbsp;17, 18 and 19, 2020 and &#147;Valor Econ&ocirc;mico&#148; on March&nbsp;17, 18 and 19, 2020. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><U>Notice to Shareholders</U>: Waived
due to the publication of documents referred to Article 133 of the Brazilian Corporate Law, in the newspapers &#147;Di&aacute;rio Oficial do Estado de S&atilde;o Paulo&#148; on February&nbsp;21th, 2020, under chapter &#147;Empresarial&#148;, pages
14 to 31, and &#147;Valor Econ&ocirc;mico&#148; on February&nbsp;21th, 2020 under special chapter, pages B21 to B28. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Chairman and Secretary of the
Meeting</B>: </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Chairman &#150; Tatiana Amorim de Brito Machado. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Secretary &#150; Andr&eacute; Brickmann Areno. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Agenda</B>:<B> </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">In accordance with the published Call
Notice. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Discussed and approved matters</B>: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
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<TD WIDTH="4%" VALIGN="top" ALIGN="left">1.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">After the reading of the synthetic voting map with the vote cast through remote voting ballot, considering the
more recent shares position in the Company&#146;s books, which was available to the shareholders, under the paragraph 4 of the article 21-W of CVM Instruction 481/09, it was dismissed, by unanimous vote of the shareholders present, the reading of
the documents related to the agenda of this Shareholders Meeting, since they are fully known by the Shareholders. Also, by unanimous vote of the shareholders present, it was approved the minutes of the Shareholders Meeting to be written out as a
summary, pursuant to Article 130, paragraph 1<SUP STYLE="font-size:85%; vertical-align:top">st</SUP> of the Brazilian Corporate Law, and authorized its publication omitting signatures, pursuant to paragraph 2<SUP
STYLE="font-size:85%; vertical-align:top">nd</SUP> of the same article. The voting instructions received at the Meeting were duly filed at the Company&#146;s headquarters. </P></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">1 </P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">(Minutes of the Annual and Extraordinary General Shareholders&#146; Meeting held on April 15,
2020) </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>At the Annual General Shareholder&#146;s Meeting: </B></P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">2.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">Approved, by the majority of votes, without amendments or qualifications, according to the voting map attached
as Annex I of these Minutes, with the abstention of those legally restricted to vote, the Management Report and annual accounts, the Financial Statements of the Company and its notes, as well as the independent auditor&#146;s report and the Fiscal
Council reports, related to the fiscal year ended on December&nbsp;31, 2019. </P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">3.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">Approved, by the majority of votes, without amendments or qualifications, according to the voting map attached
as Annex I of these Minutes, the destination of net earnings for the fiscal year ended on December&nbsp;31, 2019, in the amount of R$373,526,310.58 (three hundred and seventy-three million, five hundred and twenty-six thousand, three hundred and ten
Reais and fifty-eight cents), as follows: </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">a)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">R$18,676,315.53 (eighteen million, six hundred and seventy-six thousand, three hundred and fifteen Reais and
fifty-three cents) will be allocated to the legal reserve; and </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">b)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">R$354,849,995.05 (three hundred and fifty-four million, eight hundred and forty-nine thousand, nine hundred and
ninety-five Reais and five cents) were allocated to the payment of dividends to shareholders of common shares, of which R$217,381,649.20 (two hundred seventeen million, three hundred eighty-one thousand six hundred forty-nine Reais and twenty
cents), were paid as interim dividends as approved by the Board of Directors on August&nbsp;14, 2019. The remaining balance of the dividend approved herein, in the amount of R$137,468,345.85 (one hundred and thirty-seven million, four hundred and
sixty-eight thousand, three hundred and forty-five Reais and eighty-five cents) was increased by R$124,001,283.27 (one hundred and twenty-four million, one thousand, two hundred and eighty-three Reais and twenty-seven cents) from the investments
statutory reserve, were paid to shareholders, as of March&nbsp;06, 2020. </P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">4.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">Approved, by the majority of votes, without amendments or qualifications, according to the voting map attached
as Annex I of these Minutes, the maximum global annual limit for the Company&#146;s management compensation in the amount of R$75,000,000.00 (seventy-five million Reais), pursuant to the Management Proposal, filed at the Company&#146;s headquarters.
</P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">5.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">Based on the request for installation of the Fiscal Council made by a shareholder representing more than 2%
(two percent) of the voting shares issued by the Company and pursuant to the Article 161 of Law 6,404/76 and CVM Instruction n<SUP STYLE="font-size:85%; vertical-align:top">r</SUP> 324/00, it was approved, by the majority of votes, according to the
voting map attached as Annex I of these Minutes, the election of the following members, including the effective and alternate members, with term of office until the Annual General Shareholders&#146; Meeting to be held in 2021 that will examine the
documents referred in the Article 133 of the Brazilian Corporate Law, related to the current fiscal year: </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt"><B>GERALDO TOFFANELLO</B> (effective member)<B>, </B>Brazilian, married, accountant, enrolled in CPF/ME under the
n&ordm; 075.257.060-72, resident and domiciled at Carlos Trein Street Filho, n&ordm; 1.171, apt. 701, in the City of Porto Alegre, State of Rio Grande do Sul; </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt"><B>M&Aacute;RCIO AUGUSTUS RIBEIRO </B>(alternate member), Brazilian, married, engineer, enrolled in CPF/ME under
the n<SUP STYLE="font-size:85%; vertical-align:top">r</SUP> 006.211.088- 80, resident and domiciled at Canad&aacute; Street, n<SUP STYLE="font-size:85%; vertical-align:top">r</SUP> 43, in the City of Vinhedo, State of S&atilde;o Paulo;
</P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt"><B>MARCELO AMARAL MORAES</B> (effective member), Brazilian, divorced, bacharel in economics, enrolled in CPF/ME
under the n&ordm; 929.390.077-72, resident and domiciled at Juriti Avenue, nr. 530, apt. 111, in the City and State of S&atilde;o Paulo; </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt"><B>PEDRO OZIRES PREDEUS </B>(alternate member), Brazilian, married, accountant, enrolled in CPF/MF under the n<SUP
STYLE="font-size:85%; vertical-align:top">r</SUP> 005.474.508-00, resident and domiciled at Marechal Hastimphilo de Moura Street, n<SUP STYLE="font-size:85%; vertical-align:top">r</SUP> 338-C, apt 23-B, in the City and State of S&atilde;o Paulo;
</P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt"><B>WILLIAM BEZERRA CAVALCANTI FILHO </B>(effective member)<B>, </B>Brazilian, married, economist, enrolled in
CPF/ME under the n<SUP STYLE="font-size:85%; vertical-align:top">r</SUP> 530.627.607-53, resident and domiciled at Gomes Carneiro Street, n<SUP STYLE="font-size:85%; vertical-align:top">r</SUP> 55, apt. 101, in the City and State of Rio de Janeiro;
and </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt"><B>CARLOS ROBERTO DE ALBUQUERQUE S&Aacute;</B>(alternate member), Brazilian, married, accountant, enrolled in
CPF/ME under the n<SUP STYLE="font-size:85%; vertical-align:top">r</SUP> 212.107.217-91, resident and domiciled at Betram Street, n<SUP STYLE="font-size:85%; vertical-align:top">r</SUP> 37, in the City and State of S&atilde;o Paulo.
</P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">6.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">Approved, by the majority of votes, without amendments or qualifications, according to the voting map attached
as Annex I of these Minutes, the compensation for the members of the Fiscal Council herein elected, provided that the president of the Fiscal Council will be entitled to receive a monthly compensation of R$22,000.00 (twenty two thousand Reais) and
the other effective members will be entitled to receive a monthly compensation of R$17,500.00 (seventeen thousand and five hundred Reais). </P></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">2 </P>

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<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">(Minutes of the Annual and Extraordinary General Shareholders&#146; Meeting held on April 15,
2020) </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>At the Extraordinary Shareholder&#146;s Meeting: </B></P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">7.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">Approved, by the majority of votes, without amendments or qualifications, according to the voting map attached
as Annex I of these Minutes, the ratification of the modification of the number of common shares into which the Company&#146;s capital stock is divided, within the limit of the authorized capital pursuant to Article 6 of the Company&#146;s Bylaws,
due to partial exercise of the subscription warrants issued by the Company as of the approval of the merger of shares issued by Imifarma Produtos Farmac&ecirc;uticos e Cosm&eacute;ticos S.A., by the Company, approved by the Extraordinary General
Meeting held on January&nbsp;31, 2014. As a consequence , it was ratified that the Company&#146;s capital stock is represented by 1,114,918,734 (one billion, one hundred and fourteen million, nine hundred and eighteen thousand, seven hundred and
thirty-four) common shares, all nominative, with no par value, and the modification of the caput of Article 5 of the Company&#146;s Bylaws. </P></TD></TR></TABLE>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>General Observations and Closing</B>: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">The Chairman stated that voting instructions were received, including the voting instruction of The Bank of New
York Mellon, with the respectively vote cast, which are filed in the Company&#146;s headquarters, and will be attached to this Minutes. The other documents related to this Shareholders meeting were also filed at the Companys headquarters, duly
signed by the Secretary of the meeting. </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">In compliance with article 21, paragraph 6 and article 30, paragraph 4 of the CVM Instruction 480/09, the total
votes of approval, rejection or abstention in each item are included in the Annex I, that shall be considered part of the present document. </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">The Fiscal Council members hereby elected, will be invested on their offices on this date, upon the signature of
the respective deeds of investiture filed at the Company&#146;s headquarters </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">The Fiscal Council members hereby elected were previously consulted and have declared that: (i)&nbsp;there are no
ongoing impediments which would prevent them from exercising their activities in the designated offices, (ii)&nbsp;do not hold positions in companies which may be considered competitors of the Company and (iii)&nbsp;do not have any conflict of
interest with the Company, in accordance with Article 147 of the Brazilian Corporate Law and with the CVM Instruction n<SUP STYLE="font-size:85%; vertical-align:top">r</SUP> 367/02. The new members hereby elected declare to be fully aware about the
corporate policies of the Company, including the Material Notice Disclosure Policy and Securities Trading Policy. </P></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">As there were no
further matters to be discussed, the Meeting was finished, and these minutes were presented, read, approved and duly signed by the shareholders present. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>PEDRO WONGTSCHOWSKI </B>&#150; as Chairman of the Board of Directors of the Company. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>LUCIO DE CASTRO ANDRADE FILHO &#150; </B>as Vice-Chairman of the Board of Directors and shareholder of the Company.<B> </B></P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>FREDERICO PINHEIRO FLEURY CURADO</B> &#150; as Chief Executive Officer of the Company. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>ANDR&Eacute; PIRES DE OLIVEIRA DIAS </B>&#150; as Chief Financial and Investor Relations Officer of the Company. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>ULTRA S.A. PARTICIPA&Ccedil;&Otilde;ES </B></P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>PARTH DO
BRASIL PARTICIPA&Ccedil;&Otilde;ES LTDA. </B></P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>BETTINA IGEL HOFFENBERG </B></P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>JENNINGS IGEL HOFFENBERG </B></P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>PEDRO IGEL DE BARROS SALLES
</B></P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">3 </P>

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<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">(Minutes of the Annual and Extraordinary General Shareholders&#146; Meeting held on April 15,
2020) </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>ROBERTO KUTSCHAT NETO; JO&Atilde;O BENJAMIN PAROLIN; MIGUEL ROTHMANN JARROS; HELANO PEREIRA GOMES; RODRIGO DE ALMEIDA PIZZINATTO; TABAJARA
BERTELLI COSTA; JULIO CESAR NOGUEIRA; ANA PAULA SANTORO CORIA; JERONIMO JOS&Eacute; MERLO DOS SANTOS; ANDR&Eacute;A CAMPOS SOARES; FLAVIO DO COUTO BEZERRA CAVALCANTI; MIGUEL LACERDA DE ALMEIDA; ANDR&Eacute; LUIZ PEDRO BREGION; MARCELLO DE SIMONE;
JOS&Eacute; AUGUSTO DUTRA NOGUEIRA, ANDR&Eacute; PIRES DE OLIVEIRA DIAS </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>SHARP LONG BIASED MASTER FUNDO DE INVESTIMENTO DE A&Ccedil;&Otilde;ES;
SHARP EQUITY VALUE MASTER FUNDO DE INVESTIMENTO DE A&Ccedil;&Otilde;ES; GENIPABU FUNDO DE INVESTIMENTO EM A&Ccedil;&Otilde;ES; SHARP IBOVESPA ATIVO A MASTER FUNDO DE INVESTIMENTO DE A&Ccedil;&Otilde;ES; SHARP ESTRAT&Eacute;GIA STB FUNDO DE
INVESTIMENTO MULTIMERCADO; SCC FUNDO DE INVESTIMENTO MULTIMERCADO; FRG FUNDO DE INVESTIMENTO EM A&Ccedil;&Otilde;ES SHARP; FUNDO DE INVESTIMENTO EM A&Ccedil;&Otilde;ES GAP VALOR PERNAMBUCO; SHARP LONG SHORT 2X MASTER FUNDO DE INVESTIMENTO
MULTIMERCADO; SHARP LONG SHORT FUNDO DE INVESTIMENTO MULTIMERCADO; SERPROS FUNDO DE INVESTIMENTO EM A&Ccedil;&Otilde;ES KENOBI; SHARP EQUITY VALUE INSTITUCIONAL FUNDO DE INVESTIMENTO DE A&Ccedil;&Otilde;ES; DUO SHARP FUNDO DE INVESTIMENTO DE
A&Ccedil;&Otilde;ES; SHARP CONTINENTE FUNDO DE INVESTIMENTO EM A&Ccedil;&Otilde;ES; SHARP MULTIMANAGER BBDC FUNDO DE INVESTIMENTO MULTIMERCADO; SHARP ARPOADOR IBRX ATIVO FUNDO DE INVESTIMENTO EM A&Ccedil;&Otilde;ES; SHARP AL&Iacute;SIOS FUNDO DE
INVESTIMENTO DE A&Ccedil;&Otilde;ES; SHARP IBOVESPA ATIVO MASTER FUNDO DE INVESTIMENTO DE A&Ccedil;&Otilde;ES </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>ABSOLUTO LLC; BTG PACTUAL ABSOLUTO
BRASIL EQUITY FI RV; BTG PACTUAL ABSOLUTO FIA PREVIDENCIARIO; BTG PACTUAL ABSOLUTO INSTITUCIONAL MASTER FIA; BTG PACTUAL ABSOLUTO LS MASTER FIA; BTG PACTUAL ABSOLUTO MASTER FIA; BTG PACTUAL ABSOLUTO PREVIDENCIA FIA; BTG PACTUAL DISCOVERY FIM; BTG
PACTUAL DIVIDENDOS MASTER FIA; BTG PACTUAL HEDGE FDO DE INVEST MULTIMERCADO; BTG PACTUAL HIGHLANDS FIM; BTG PACTUAL MULTI ACOES FIA; BTG PACTUAL MULTIMANAGER BBDC FIM; BTG PACTUAL MULTISTRATEGIES ADVANCED FIM; BTG PACTUAL MULTISTRATEGIES ADVANCED
PLUS FIM; FIA AMIS; FUNDO DE INVESTIMENTO CAIXA BTG PACTUAL X 10 MULTIMERCADO LP; FUNDO DE INVESTIMENTO FUNPRESP MULTIMERCADO </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>THE BANK OF NEW YORK
MELLON </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>AXA OR ET MATIERE PREMIERE; JANUS HENDERSON EMERGING MARKETS MANAGED VOLATILITY FUND; THE NEW ZEALAND GUARDIAN TRUST COMPANY LIMITED IN ITS
CAPACITY AS TRUSTEE OF THE BNZ WHOLESALE INTERNATIONAL EQUITIES (INDEX) FUND </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>IT NOW IBOVESPA FUNDO DE &Iacute;NDICE; IT NOW IGCT FUNDO DE INDICE;
IT NOW PIBB IBRX-50 FUNDO DE &Iacute;NDICE; ITAU CAIXA ACOES FI; ITAU FTSE RAFI BRAZIL 50 CAPPED INDEX FIA; ITAU GOVERNANCA CORPORATIVA ACOES FI; ITAU HEDGE PLUS MULTIMERCADO FI; ITAU IBOVESPA ATIVO MASTER FIA; ITAU INDEX ACOES IBRX FI; ITAU PHOENIX
ACOES FI; ITA&Uacute; A&Ccedil;&Otilde;ES DIVIDENDOS FI; ITA&Uacute; HEDGE MULTIMERCADO FUNDO DE INVESTIMENTO; ITA&Uacute; IBRX ATIVO MASTER FIA; ITA&Uacute; INDEX A&Ccedil;&Otilde;ES IBOVESPA FI; ITA&Uacute; LONG AND SHORT PLUS MULTIMERCADO FI;
ITA&Uacute; MULTIMERCADO GLOBAL EQUITY HEDGE FI; ITA&Uacute; MULTIMERCADO LONG AND SHORT FI; ITA&Uacute; PREVID&Ecirc;NCIA IBRX FIA; LONG BIAS MULTIMERCADO FI; WM IBOVESPA PLUS FUNDO DE INVESTIMENTO EM A&Ccedil;&Otilde;ES </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>BLACKWELL PARTNERS LLC SERIES A; NUSHARES ESG EM MKTS EQ ETF&#151;TRI </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>PINEHURST PARTNERS, L.P.; STICHTING PENSIOENFONDS PGB; </B></P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">4 </P>

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<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">(Minutes of the Annual and Extraordinary General Shareholders&#146; Meeting held on April 15,
2020) </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><U><B><I>HAREHOLDERS EXERCING THE VOTE BY THE REMOTE VOTING BALLOT</I></B><B>:</B> </U></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>Aberdeen Investment Funds UK Icvc II&#151;Aberdeen em; Abu Dhabi Retirement Pensions and Benefits Fund; Advanced Series TR&#151;Ast Blackrock GL Strategies
Portfolio; Advanced Series Trust&#151;Ast Parametric Eme Portfolio; Alaska Common Trust Fund; Alaska Permanent Fund; Alliancebernstein Delaware Business Trust&#151;A I All-C P S; Allianz GL Investors Gmbh ON Behalf of
<FONT STYLE="white-space:nowrap">Allianzgi-Fonds</FONT> Dspt; Amergen Clinton Nuclear Power Plant Nonqualified Fund; American Heart Association, Inc.; Arizona Psprs Trust; Ascension Alpha Fund, LLC; Asset Management Exchange Ucits Ccf; Association D
B e D R D P e P D L V M; Aviva I Investment Funds Icvc&#151;Aviva I International I T F; Aviva Investors; Aviva Life Pensions UK Limited; Bellsouth Corporation Rfa Veba Trust; Beresford Funds Public Limited Company; Blackrock A. M. S. AG ON B. of I.
E. M. E. I. F. (Ch); Blackrock Advantage E. M. Fund of Blackrock Funds; Blackrock Advantage Global Fund Inc; Blackrock Asset Manag IR LT I Its Cap A M F T Bkr I S FD; Blackrock Cdn Msci Emerging Markets Index Fund; Blackrock Global Index Funds;
Blackrock Institutional Trust Company na; Blackrock Life Limited; Blackrock Life Limited&#151;DC Overseas Equity Fund; Blackrock Msci Acwi Esg Focus Index Fund; Blackrock Strategic Funds&#151;Blackrock e M Absolute Return F; Blackrock Strategic
Funds&#151;Blackrock Systematic Global e F; Bmo Msci Emerging Markets Index ETF; Bmo Private Emerging Markets Equity Portfolio; Bny Mellon (River and Mercantile) Global Equity FU; Bny Mellon Opportunity Funds&#151;B M Strategic Beta e M e F; Bnym
Mellon CF SL Emerging Markets Stock Index Fund; Board of Pensions of the Evangelical Lutheran Church IN Amer; Bridgewater Optimal Portfolio Ii, Ltd.; Bridgewater Optimal Portfolio Trading Company, Ltd; Bridgewater Pure Alpha Sterling Fund, Ltd.;
Bridgewater Pure Alpha Trading Company Ii, Ltd.; Bridgewater Pure Alpha Trading Company Ltd.; British Coal Staff Superannuation Scheme; British Columbia Investment Management Corporation; Bureau of Labor Funds&#151;Labor Pension Fund; Bureau of
Labor Funds&#151;Labor Retirement Fund; Caisse de Depot ET Placement DU Quebec; Caixa de Previd.Dos Func.Do Banco do Brasil; California Public Employees Retirement System; Calvert Emerging Markets Advancement Fund; Cdn Acwi Alpha Tilts Fund; Central
Provident Fund Board; Chang Hwa Com BK Ltd IN Its Cap as M Cust of P Lat A EQ FD; Chevron Master Pension Trust; Chevron UK Pension Plan; CI Wisdomtree E. M. Dividend Index ETF; Cibc Emerging Markets Index Fund; Cititrust Lim as TR of Black Premier
Fds- Ish Wor Equ Ind FD; City of New York Deferred Compensation Plan; City of New York Group Trust; City of Philadelphia Pub Employees Ret System; Claritas Long Short Master Fundo Investimento Multimercado; Claritas Total Return Master FIM; College
Retirement Equities Fund; Colonial First State Investment Fund 50; Commonwealth Bank Group Super; Commonwealth Superannuation Corporation; Compass Emp Emerging Market 500 Volatility Weighted Index e; Connecticut General Life Insurance Company;
Consulting Group Capital Mkts Funds Emer Markets Equity Fund; Cornerstone Advisors Global Public Equity Fund; County Employees Annuity and Benefit FD of the Cook County; DB Advisors Emerging Markets Equities&#151;Passive; Desjardins RI Emerging
Markets Multifactor&#151;Low C; Deutsche Asset Management S.A. for Arero&#151;Der Wel; Deutsche X-Trackers Msci All World EX US Hedged Equity ETF; Diversified Markets (2010)&nbsp;Pooled Fund Trust; Dust Fundo de Investimento em
A&ccedil;&otilde;es&#151;BDR N&iacute;vel I; Dws I. Gmbh for Deam-Fonds Kg-Pensionen; Eaton Vance Collective Investment Tfe Ben Plans em MQ Equ FD; Eaton Vance Int (Ir) F Plc-Eaton V Int (Ir) Par em Mkt Fund; Eaton Vance TR CO CO TR FD&#151;PA Str
em Mkts EQ Com TR FD; Emer Mkts Core EQ Port Dfa Invest Dimens Grou; Emerging Markets Alpha Tilts Fund; Emerging Markets Alpha Tilts Fund B; Emerging Markets Equity Esg Screened Fund B; Emerging Markets Equity Index Esg Screened Fund B; Emerging
Markets Equity Index Master Fund; Emerging Markets Index <FONT STYLE="white-space:nowrap">Non-Lendable</FONT> Fund; Emerging Markets Index Non-Lendable Fund B; Emerging Markets Opportunities LR Fund; Employees Ret System of the State of Hawaii;
European Central Bank; Evtc Cit Fof Ebp-Evtc Parametric Sem Core Equity Fund TR; Exelon Generation Comp, LLC Tax Qualified Nuclear Decomm Par; Fideicomiso Fae; Fidelity Concord Street Trust: Fidelity Zero Int. Index Fund; Fidelity Investment Funds
Fidelity Index Emerg Markets Fund; Fidelity Salem Street T: Fidelity e M Index Fund; Fidelity Salem Street T: Fidelity G EX U.S Index Fund; Fidelity Salem Street T: Fidelity Total Inte Index Fund; Fidelity Salem Street Trust: Fidelity Flex
International Ind; Fidelity Salem Street Trust: Fidelity International Sustaina; Fidelity Salem Street Trust: Fidelity Sai Emerging M I Fund; Fidelity Salem Street Trust: Fidelity Series G EX US I FD; Fidelity Sustainable World ETF; First Trust
Brazil Alphadex Fund; Flexshares Morningstar Emerging Markets Factor Tilt Index F; Ford Motor CO Defined Benef Master Trust; Ford Motor Company of Canada, L Pension Trust; Forsta Ap-Fonden; Franklin Libertyshares Icav; Franklin Templeton ETF
Trust&#151;Franklin Ftse Brazi; Franklin Templeton ETF Trust&#151;Franklin Ftse Latin; Ftse Rafi Emerging Index Non-Lendable Fund; Fundamental Low V I e M Equity; Future Fund Board of Guardians; General Pension and Social Security Authority; Givi
Global Equity Fund; Global Alpha Tilts Fund A; Global Alpha Tilts Fund B; Global Ex-Us Alpha Tilts Fund; Global Ex-Us Alpha Tilts Fund B; Global Macro Capital Opportunities Portfolio; Gothic Corporation; Gothic Erp, LLC; Gothic Hsp Corporation;
Government Employees Superannuation Board; Guidemark Emerging Markets Fund; Hand Composite Employee Benefit Trust; </I></P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">5 </P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">(Minutes of the Annual and Extraordinary General Shareholders&#146; Meeting held on April 15,
2020) </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>Hospital Authrority Provident Fund Scheme; Hsbc Emerging Markets Pooled Fund; Ibm 401 (K)&nbsp;Plus Plan; Impact Global Alpha Tilts <FONT
STYLE="white-space:nowrap">Non-Lendable</FONT> Fund B; International Expatriate Benefit Master Trust; International Monetary Fund; Invesco Purebetasm Ftse Emerging Markets ETF; Invesco Strategic Emerging Markets ETF; Investeringsforeningen
Procapture G Emerging M I F&#151;Acc. KL; Investeringsforeningen Procapture Global AC I Fund&#151;Acc KL; Investors Wholesale Emerging Markets Equities Trust; Irish Life Assurance Plc; Ishares (De) I Investmentaktiengesellschaft Mit TG; Ishares Core
Msci Emerging Markets ETF; Ishares Core Msci Total International Stock ETF; Ishares Emerging Markets Fundamental Index ETF; Ishares Emerging Markets Imi Equity Index Fund; Ishares Esg Msci em ETF; Ishares Esg Msci em Leaders ETF; Ishares II Public
Limited Company; Ishares III Public Limited Company; Ishares IV Public Limited Company; Ishares Latin America 40 ETF; Ishares Msci Acwi ETF; Ishares Msci Acwi EX U.S. ETF; Ishares Msci Acwi Low Carbon Target ETF; Ishares Msci Brazil ETF; Ishares
Msci Bric ETF; Ishares Msci Emerging Markets ETF; Ishares Msci Emerging Markets EX China ETF; Ishares Public Limited Company; Ivesco Ftse Rafi Emerging Markets ETF; Japan Trustee Services Bank, Ltd. Re: Stb Daiwa e e F I M F; Jnl/Mellon Emerging
Markets Index Fund; John Hancock Funds II International Strategic Equity Allocat; John Hancock Funds II Strategic Equity Allocation Fund; John Hancock Variable Ins Trust Intern Equity Index Trust; K Investments SH Limited; Kaiser Foundation Health
Plan, Inc. Retiree Health; Kaiser Foundation Hospitals; Kaiser Permanente Group Trust; Kapitalforeningen Investin Pro, Global Equities I; Kapitalforeningen Investin Pro, Globale Aktier Ind; Kapitalforeningen Laegernes Pensionsinvestering, Lpi Aem
III; Kapitalforeningen Unipension Invest Globale Aktier IV; Kraneshares Msci Emerging Markets EX China Index e; Laerernes Pension Forsikringsaktieselskab; Legal Gen Future Wrd Climate Change Eqty Factors Ind Fund; Legal General Collective Investment
Trust; Legal General Global Emerging Markets Index Fund; Legal General Global Equity Index Fund; Legal General Icav; Legal General International Index Trust; Legal and General Assurance Pensions Mng Ltd; Legal and General Assurance Society Limited;
Legg Mason Global Funds Plc; Leland Stanford Junior University; Lockheed Martin Corp Master Retirement Trust; Los Angeles County Employees Ret Association; Lvip Ssga Emerging Markets Equity Index Fund; Mackenzie Maximum Diversification Emerging
Markets Index ETF; Managed Pension Funds Limited; Mdpim Emerging Markets Equity Pool; Mercer Emerging Markets Shares Fund; Mercer Qif Fund Plc; Mercer Ucits Common Contractual Fund; Mineworkers Pension Scheme; Ministry of Economy and Finance; Mip
Active Stock Master Portfolio; Momentum Investment Funds Sicav-Sif; Msci Acwi <FONT STYLE="white-space:nowrap">Ex-Fossil</FONT> Fuels Esg Focus Index Fund B; Msci Acwi Ex-U.S. Imi Index Fund B2; Municipal e Annuity A B Fund of Chicago; Nat West BK
Plc as TR of ST James PL GL Equity Unit Trust; National Council for Social Security Fund; Navarro 1 Fund LLC; New South Walles TR Corp as TR for the TC Emer Mkt Shar Fund; New York State Teachers Retirement System; New Zealand Superannuation Fund;
Nfs Limited; NN (L); NN Paraplufonds 1 N.V; Norges Bank; Northern Emerging Markets Equity Index Fund; Northern Trust Collective All Country World I (Acwi) E-U F-L; Northern Trust Collective Emerging Markets Index Fund-Lend; Northern Trust
Investiment Funds Plc; Northern Trust Ucits Fgr Fund; Ntgi QM Common Daily All Count World Exus Equ Index FD Lend; Ntgi Quantitative Management Collec Funds Trust; Ntgi-Qm Common Dac World Ex-Us Investable Mif&#151;Lending; Ntgi-Qm Common Daily
Emerging Markets Equity I F- Non L; Onepath Global Emerging Markets Shares(Unhedged) Index Pool; Panagora Diversified Risk <FONT STYLE="white-space:nowrap">Multi-Asset</FONT> Fund, Ltd; Panagora Risk Parity Multi Asset Master Fund, Ltd; Parametric
Emerging Markets Fund; Parametric <FONT STYLE="white-space:nowrap">Tax-Managed</FONT> Emerging Markets Fund; Parametric Tmemc Fund, LP; Pensioenfonds Werk EN (Re)Intergratie; People S Bank of China; Philadelphia Gas Works Pension Plan;
Pictet&#151;Emerging Markets Index; Pictet CH Institucional-Emerging Markets Tracker; Pictet Global Selection Fund&#151;G G M Fund; Pimco Equity Series: Pimco Rae Emerging Markets Fund; Pimco Equity Series: Pimco Rafi Dynamic Multi-Factor Emergin;
Pimco Funds Global Investors Series Plc; Pimco Rae Emerging Markets Fund LLC; Pool Reinsurance Company Limited; Powershares Ftse Rafi Emerging Markets Ucits ETF; Powershares G F Ireland P L C P Ftse Rafi All W 3000 U ETF; Public Employees Retirement
Association of New Mex; Public Employees Retirement System of Ohio; Public Pension Agency; Public Sector Pension Investment Board; QS Investors Dbi Global Emerging Markets Equity Fund LP; Qsuper; Resolute Foreign Equity Master Trust Fund; Retirement
Income Plan of Saudi Arabian Oil Company; Rockfeller Brothers Fund; Russell Investment Company Public Limited Company; Russell Investment Management Ltd as Trustee of the Russell; Sas Trustee Corporation Pooled Fund; Sbc Master Pension Trust; Schwab
Emerging Markets Equity ETF; Schwab Fundamental Emerg0ing Markets Large Company Index ETF; Schwab Fundamental Emerging Markets Large Company Index Fund; Scottish Widows Investment Solutions Funds Icvc- Fundamental; Scri Robeco QI Inst Emerg Mkts
Enhanced Ind Equities Fund; Scri-Robeco QI Cust Emerg Markets Enhanced Index Equit Fund; Sparta Fundo de Investimento em A&ccedil;&otilde;es&#151;BDR N&iacute;vel I; Spartan Group Trust for Emplyee Benefit Plans: Spartan Emerg; Spdr Msci Acwi Low
Carbon Target ETF; Spdr Msci Emerging Markets Strategicfactors ETF; Spdr SP Emerging Markets ETF; Spdr SP Emerging Markets Fund; Squadra Texas LLC; Ssga Msci Acwi Ex-Usa Index <FONT STYLE="white-space:nowrap">Non-Lending</FONT> Daily Trust; Ssga
Msci Brazil Index Non-Lending QP Common Trust Fund; Ssga Spdr Etfs Europe I Plc; Ssga Spdr Etfs Europe II Public Limited Company; ST Str Msci Acwi EX Usa Imi Screened Non-Lending Comm TR FD; Stanlib Funds Limited; State of Minnesota State Employees
Ret Plan; State of New Jersey Common Pension Fund D; State of New Mexico State Inv. Council; State of Wyoming; State ST GL Adv Trust Company Inv FF Tax EX Ret Plans; </I></P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">6 </P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">(Minutes of the Annual and Extraordinary General Shareholders&#146; Meeting held on April 15,
2020) </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>State Street Emerging Markets Equity Index Fund; State Street Global Advisors Lux Sicav&#151;S S G e M I e Fund; State Street Global All Cap
Equity Ex-Us Index Portfolio; State Street Ireland Unit Trust; State Street R. F. E. M. I. Non-Lending Common T. Fund; Stiching Pensioenfonds Voor Huisartsen; Stichting Depositary Apg Emerging Markets Equity Pool; Stichting Pensioenfonds Uwv;
Stichting Pggm Depositary; Stichting Philips Pensioenfonds; Sunamerica Series Trust SA Emerging Markets Equity; Sunsuper Superannuation Fund; Superannuation Funds Management Corporation of S Australia; Tages International Funds Icav&#151;Tages
Dalton Global Emergin; Teacher Retirement System of Texas; Teachers Retirement System of the State of Illinois; Teorema Fundo de Investimento em A&ccedil;&otilde;es; the Bank of N. Y. M. (Int) Ltd as T. of I. E. M. E. I. F. UK; the Bank of N. Y. M.
(Inter) Ltd as T. of B. E. M. A. A. F.; the Bank of New York A T F B I P P Trust; the Bank of New York Mellon Emp Ben Collective Invest FD Pla; the Board of the Pension Protection Fund; the Duke Endowment; the Emerging M.S. of the Dfa I.T.Co.; the
Government of His M the S and Y D-P of Brunei Darussalam; the Incubation Fund, Ltd.; the Master Trust Bank of Jap, Ltd. as Tr. for Mtbj400045828; the Master Trust Bank of Jap., Ltd. as Tr. for Mtbj400045829; the Master Trust Bank of Japan, Ltd. as
T. for Mtbj400045835; the Master Trust Bank of Japan, Ltd. as TR for Mutb400045792; the Master Trust Bank of Japan, Ltd. as Trustee for Mutb4000; the Master Trust Bank of Japan, Ltd. Trustee Mutb400045794; the Monetary Authority of Singapore; the
Nomura T and B CO Ltd RE I e S Index Msci e no Hed M Fun; the Regents of the University of California; the Seventh Swedish National Pension Fund&#151;Ap7 Equity Fund; the Texas Education Agency; Three Mile Island Unit One Qualified Fund; Tiaa-Cref
Funds&#151;Tiaa-Cref Emerging Markets Equity I F; Total International EX U.S. I Master Port of Master Inv Port; Trust Custody Services Bank, Ltd. Re: Emerging e P M F; Utah State Retirement Systems; Vanguard Emerging Markets Share Index Fund;
Vanguard Emerging Markets Stock Index Fund; Vanguard Fiduciary Trt Company Instit T Intl Stk Mkt Index T; Vanguard Funds Public Limited Company; Vanguard Inv Funds Icvc-Vanguard Ftse Global All Cap Index F; Vanguard Investment Series Plc; Vanguard
Total International Stock Index Fd, A SE Van S F; Vanguard Total World Stock Index Fund, A Series of; Variable Insurance Products Fund Ii: International; Verdipapirfondet Klp Aksje Fremvoksende Markeder Indeks I; Verdipapirfondet Storebrand Indeks
Alle Markeder; Verdipapirfondet Storebrand Indeks Nye Markeder; Vkf Investments Ltd; Voya Emerging Markets Index Portfolio; Washington State Investment Board; Wellington Management Funds (Ireland) Plc; Wells Fargo BK D of T Establishing Inv F for e
Benefit TR; Wells Fargo Factor Enhanced Emerging Markets Portfolio; West Yorkshire Pension Fund; Wisdomtree Emerging Markets Ex-State-Owned Enterprises Fund; Xtrackers; Xtrackers (Ie) Public Limited Company; Xtrackers Msci Acwi EX Usa Esg Leaders
Equity ETF; e Xtrackers Msci Emerging Markets Esg Leaders Equity; Ascese Fundo de Investimento em A&ccedil;&otilde;es; Bergen FIA&#151;BDR N&iacute;vel I&#151;IE; Dybra FIA; Dyc Fundo de Investimento em A&ccedil;&otilde;es; Dynamo Brasil I LLC;
Dynamo Brasil III LLC; Dynamo Brasil IX LLC; Dynamo Brasil V LLC; Dynamo Brasil VI LLC; Dynamo Brasil VIII LLC; Dynamo Brasil XIV LLC; Dynamo Brasil XV LLC; Dynamo Cougar FIA; Monteiro Aranha S/A; Patria Pipe Master Fundo de Investimento em
A&ccedil;&otilde;es; Patria Private Equity VI Fip Multiestrategia; Sao Fernando IV FIA; e Tnad Fundo de Investimentos em A&ccedil;&otilde;es </I></P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B></B><B><I><U>OTHER ATTENDENCES</U></I></B><B>: </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>FLAVIO
C&Eacute;SAR MAIA LUZ </B>&#150; Coodinator of the Audit and Risks Committee<B> </B></P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>GERALDO TOFFANELLO </B>&#150; President of the Fiscal Council </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>MARCELO AMARAL MORAES </B>&#150; Member of the Fiscal Council </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>WILLIAM BEZERRA CAVALCANTI FILHO </B>&#150; Member of the Fiscal Council </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>MARCIO SERPEJANTE PEPPE </B>&#150; on behalf KPMG Auditores Independentes, independent auditors of the Company<B> </B></P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>TATIANA AMORIM DE BRITO MACHADO</B> &#150; Chairman of the Meeting </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>ANDR&Eacute; BRICKMANN ARENO </B>&#150; Secretary of the Meeting<B> </B></P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">7 </P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">(Minutes of the Annual and Extraordinary General Shareholders&#146; Meeting held on April 15,
2020) </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>ULTRAPAR PARTICIPA&Ccedil;&Otilde;ES S.A. </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD VALIGN="top" ALIGN="center">CNPJ n&ordm; <FONT STYLE="white-space:nowrap">33.256.439/0001-39</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">NIRE 35.300.109.724</TD></TR>
</TABLE> <P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>ANNEX I TO THE MINUTES OF THE EXTRAORDINARY AND </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>ANNUAL GENERAL MEETING HELD ON APRIL 15, 2020 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">In accordance to CVM Instruction nr 480, of December&nbsp;7, 2009, with amendments to article 21, &#167; 6 and article 30 &#167; 4, ULTRAPAR
PARTICIPA&Ccedil;&Otilde;ES S.A. (&#147;Company&#148;) informs below the total number of votes &#147;for&#148;, total number of votes &#147;against&#148; and total number of abstentios of each decision taken: </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>In Annual General Shareholders&#146; Meeting: </B></P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">1.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">The approval of the Management Report and the Financial Statements of the Company, as well as the annual
accounts, duly instructed with the independent auditors and the Fiscal Council reports, related to the fiscal year ended on December&nbsp;31, 2019: </P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="68%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


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<TD VALIGN="bottom" WIDTH="3%"></TD>
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<TD VALIGN="top" STYLE="BORDER:1px solid #000000; padding-left:8pt"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Number of votes &#147;in favor&#148;</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:2pt"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">661,821,916 /
87.9% of present</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">shareholders</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" STYLE="BORDER:1px solid #000000; padding-left:8pt"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Number of votes &#147;against&#148;</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:2pt"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">12,529/ 0.0% of
present</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">shareholders</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" STYLE="BORDER:1px solid #000000; padding-left:8pt"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Number of abstentions</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:2pt"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">90,777,423 /
12.1% of present</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">shareholders</P></TD></TR></TABLE>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">2.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">The approval of the destination of net earnings for the fiscal year ended on December&nbsp;31, 2019, according
to the Management Proposal: </P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD VALIGN="top" STYLE="BORDER:1px solid #000000; padding-left:8pt"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Number of votes &#147;in favor&#148;</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:2pt"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">719,912,080 /
95.7% of present</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">shareholders</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" STYLE="BORDER:1px solid #000000; padding-left:8pt"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Number of votes &#147;against&#148;</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:2pt"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">1,687,081/ 0.2%
of present</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">shareholders</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" STYLE="BORDER:1px solid #000000; padding-left:8pt"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Number of abstentions</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:2pt"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">31,012,707/ 4.1%
of present</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">shareholders</P></TD></TR>
</TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">3.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">The approval of the Company&#146;s management compensation, pursuant to the Management Proposal:
</P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="68%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>

<TD WIDTH="51%"></TD>

<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD WIDTH="46%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" STYLE="BORDER:1px solid #000000; padding-left:8pt"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Number of votes &#147;in favor&#148;</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:2pt"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">678,150,906/
90.1% of present</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">shareholders</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" STYLE="BORDER:1px solid #000000; padding-left:8pt"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Number of votes &#147;against&#148;</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:2pt"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">1,503,642/ 0.2%
of present</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">shareholders</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" STYLE="BORDER:1px solid #000000; padding-left:8pt"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Number of abstentions</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:2pt"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">72,957,320/ 9.7%
of present</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">shareholders</P></TD></TR>
</TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">4.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">The approval of the election of the Fiscal Council members and its alteratives, pursuant the Management
Proposal: </P></TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:9%; font-size:10pt; font-family:Times New Roman">Mr.&nbsp;Geraldo Toffanello (effective) and Mr.&nbsp;M&aacute;rcio Augustus Ribeiro (alternate) </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="68%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>

<TD WIDTH="51%"></TD>

<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD WIDTH="46%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" STYLE="BORDER:1px solid #000000; padding-left:8pt"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Number of votes &#147;in favor&#148;</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:2pt"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">719,379,165/
95.6% of present</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">shareholders</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" STYLE="BORDER:1px solid #000000; padding-left:8pt"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Number of votes &#147;against&#148;</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:2pt"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">219,728/ 0.0% of
present</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">shareholders</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" STYLE="BORDER:1px solid #000000; padding-left:8pt"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Number of abstentions</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:2pt"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">33,012,975/ 4.4%
of present</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">shareholders</P></TD></TR>
</TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">8 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">(Minutes of the Annual and Extraordinary General Shareholders&#146; Meeting held on April 15,
2020) </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; margin-left:9%; font-size:10pt; font-family:Times New Roman">Mr.&nbsp;Marcelo Amaral Moraes (effective) and Mr.&nbsp;Pedro Ozires Predeus (alternate) </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="68%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>

<TD WIDTH="51%"></TD>

<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD WIDTH="46%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" STYLE="BORDER:1px solid #000000; padding-left:8pt"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Number of votes &#147;in favor&#148;</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:2pt"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">719,378,360/
95.6% of present</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">shareholders</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" STYLE="BORDER:1px solid #000000; padding-left:8pt"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Number of votes &#147;against&#148;</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:2pt"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">218,923/ 0.0% of
present</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">shareholders</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" STYLE="BORDER:1px solid #000000; padding-left:8pt"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Number of abstentions</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:2pt"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">33,014,585/ 4.4%
of present</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">shareholders</P></TD></TR>
</TABLE> <P STYLE="margin-top:18pt; margin-bottom:0pt; margin-left:9%; font-size:10pt; font-family:Times New Roman">Mr.&nbsp;William Bezerra Cavalcanti Filho (effective) and Mr.&nbsp;Carlos Roberto de Albuquerque S&aacute;
(alternate) </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="68%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>

<TD WIDTH="51%"></TD>

<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD WIDTH="46%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" STYLE="BORDER:1px solid #000000; padding-left:8pt"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Number of votes &#147;in favor&#148;</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:2pt"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">719,579,407/
95.6% of present</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">shareholders</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" STYLE="BORDER:1px solid #000000; padding-left:8pt"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Number of votes &#147;against&#148;</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:2pt"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">17,875/ 0.0% of
present</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">shareholders</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" STYLE="BORDER:1px solid #000000; padding-left:8pt"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Number of abstentions</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:2pt"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">33,014,586/ 4.4%
of present</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">shareholders</P></TD></TR>
</TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">5.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">The approval of the compensation of the Fiscal Council members with term of office starting in April 2020,
pursuant to the Management Proposal: </P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="68%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>

<TD WIDTH="51%"></TD>

<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD WIDTH="46%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" STYLE="BORDER:1px solid #000000; padding-left:8pt"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Number of votes &#147;in favor&#148;</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:2pt"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">717,275,693/
95,3% of present</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">shareholders</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" STYLE="BORDER:1px solid #000000; padding-left:8pt"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Number of votes &#147;against&#148;</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:2pt"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">27,382/ 0.0% of
present</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">shareholders</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" STYLE="BORDER:1px solid #000000; padding-left:8pt"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Number of abstentions</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:2pt"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">35,308,793/ 4,7%
of present</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">shareholders</P></TD></TR>
</TABLE> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>In Extraordinary General Shareholders&#146; Meeting: </B></P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">6.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">To ratify the alteration of the number of common shares into which the Company&#146;s capital stock is divided
due to partial exercise of the subscription warrants issued by the Company as of the approval of the merger of shares issued by Imifarma Produtos Farmac&ecirc;uticos e Cosm&eacute;ticos S.A., approved by the Extraordinary General Shareholders&#146;
Meeting held on January&nbsp;31, 2014: </P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="68%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>

<TD WIDTH="51%"></TD>

<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD WIDTH="46%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" STYLE="BORDER:1px solid #000000; padding-left:8pt"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Number of votes &#147;in favor&#148;</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:2pt"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">732,262,859/
97.4% of present</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">shareholders</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" STYLE="BORDER:1px solid #000000; padding-left:8pt"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Number of votes &#147;against&#148;</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:2pt"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">18,474 / 0.0% of
present</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">shareholders</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" STYLE="BORDER:1px solid #000000; padding-left:8pt"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Number of abstentions</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:2pt"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">19,655,284 / 2.6%
of present</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">shareholders</P></TD></TR>
</TABLE>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><A NAME="toc914878_2"></A>ULTRAPAR PARTICIPA&Ccedil;&Otilde;ES S.A. </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>BYLAWS </B></P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CHAPTER I
</B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Name, Headquarters, Purpose and Term </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Article 1.&nbsp;&nbsp;&nbsp;&nbsp;</B> The Company is an authorized capital company (<I>sociedade de capital autorizado</I>). The name of the Company is
ULTRAPAR PARTICIPA&Ccedil;&Otilde;ES S.A. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><I></I></B>Sole Paragraph. The Company&#146;s listing on the New Market (<B><I></I></B><I>Novo
Mercado</I><B><I></I></B>) special segment of B3 S.A. &#150; Brasil, Bolsa, Balc&atilde;o (&#147;B3&#148;) subjects the Company, its shareholders including controlling shareholders, if applicable, its management and members of the Fiscal Council, if
installed, to the Regulations of the New Market of B3 (&#147;New Market Regulation&#148;). <B><I> </I></B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Article 2.&nbsp;&nbsp;&nbsp;&nbsp;</B> The
Company&#146;s headquarters and jurisdiction are located in the city of S&atilde;o Paulo, State of S&atilde;o Paulo. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Article
3.&nbsp;&nbsp;&nbsp;&nbsp;</B> The purpose of the Company is to invest its own capital in commerce, industry, agriculture and service provision, through the subscription or acquisition of shares or quotas of other companies. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Article 4.&nbsp;&nbsp;&nbsp;&nbsp;</B> The Company is organized for an indefinite term. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CHAPTER II </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Capital
Stock and Shares </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Article 5.&nbsp;&nbsp;&nbsp;&nbsp;</B> The subscribed and paid-in capital stock is R$ 5,171,751,608.08 (five billion, one hundred
seventy-one million, seven hundred fifty-one thousand, six hundred and eight Reais and eight cents), represented by one billion, one hundred and fourteen million, nine hundred and eighteen thousand, seven hundred and thirty-four
(1,114,918,734)&nbsp;nominative common shares, with no par value, and with no issuance of preferred shares or founder&#146;s shares permitted. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">&#167;1&nbsp;&nbsp;&nbsp;&nbsp; All of the Company shares are in book-entry form and held in a deposit account with a financial institution authorized by the
Brazilian Securities and Exchange Commission &#150; CVM, in the name of their holders, without certificates issued. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">&#167;2&nbsp;&nbsp;&nbsp;&nbsp; The
transfer and record cost, as well as the cost of the services relating to the book-entry shares, may be charged directly to the shareholder by the bookkeeping institution, as set forth in the stock bookkeeping agreement. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Article 6.&nbsp;&nbsp;&nbsp;&nbsp;</B> The Company is authorized to increase its capital stock up to the limit of one billion and six hundred million
(1,600,000,000)&nbsp;common shares, by resolution of the Board of Directors, notwithstanding any amendment to the Bylaws. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Article
7.&nbsp;&nbsp;&nbsp;&nbsp;</B> The subscription and payment of shares issued by the Company shall follow the criteria provided for in this Article: </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">a) up
to the limit of the authorized capital, the issuance, amount, price and term for payment of the shares to be issued by the Company shall be provided for by the Board of Directors; </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">b) the resolution to increase the capital stock for payment in assets, other than monetary credits, may only be made at a Shareholders&#146; Meeting; and </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">c) upon the issuance of new shares, debentures convertible into shares or subscription warrants offered on a stock exchange, public subscription or share
exchange in a tender offer for the acquisition of corporate control, the Board of Directors may waive the preemptive rights of the former shareholders or reduce the period for the exercise thereof. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Article 8.&nbsp;&nbsp;&nbsp;&nbsp;</B> The Company may grant stock options through stock option plans, approved by a Shareholders&#146; Meeting, to the
management and employees. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Article 9.</B>&nbsp;&nbsp;&nbsp;&nbsp; Each common share entitles the holder thereof to one vote for resolutions made at the
Shareholders&#146; Meetings. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">10 </P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CHAPTER III </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Shareholders&#146; Meetings </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Article
10.&nbsp;&nbsp;&nbsp;&nbsp; </B>The annual Shareholders&#146; Meeting shall be called by the Board of Directors within the first four (4)&nbsp;months upon conclusion of the fiscal year and extraordinary meetings shall be held whenever the
Company&#146;s interest shall so require. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">&#167;1&nbsp;&nbsp;&nbsp;&nbsp; Documents pertaining to the matters to be deliberated upon at the
Shareholders&#146; Meetings shall be made available to the shareholders, at the Company&#146;s headquarters, at the date of publication of the first call notice, except if a longer period for making such documents available is otherwise required by
law or applicable regulations. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">&#167;2&nbsp;&nbsp;&nbsp;&nbsp; The Shareholders&#146; Meeting shall be presided over by the Chairman of the Board of
Directors or by whom he/she may designate. In the absence of the Chairman and of his/her designation, the Shareholders&#146; Meeting shall be presided over by the Vice-Chairman of the Board of Directors, or by whom he/she may designate. The chairman
of the Meeting shall choose one of the attendees to act as secretary of the meeting. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">&#167;3&nbsp;&nbsp;&nbsp;&nbsp; The chairman of the Meeting shall
have the exclusive power, in compliance with the rules provided for in these Bylaws, to conduct the election of the members of the Board of Directors, including any decision relating to the number of votes of each shareholder. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Article 11.&nbsp;&nbsp;&nbsp;&nbsp; </B>Before the Shareholders&#146; Meeting is commenced, the shareholders in attendance, as duly identified, shall sign
the &#147;Shareholders Attendance Register&#148;, which shall contain their names and the number of shares held by each of them. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">&#167;1&nbsp;&nbsp;&nbsp;&nbsp; The list of the attending shareholders shall be closed by the chairman of the Meeting at the time the Shareholders&#146;
Meeting is commenced. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">&#167;2&nbsp;&nbsp;&nbsp;&nbsp; The shareholders who appear at the Shareholders&#146; Meeting after its commencement may take part
in the meeting, however they shall not be entitled to vote on any resolution. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Article 12.&nbsp;&nbsp;&nbsp;&nbsp; </B>At the Shareholders&#146;
Meeting, the Company and the presiding board shall comply with the following requirements for attendance, in addition to the procedures and requirements provided for by law: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">a) Up to forty-eight (48)&nbsp;hours prior to the Shareholders&#146; Meeting: (i)&nbsp;all shareholders shall furnish to the Company a share statement issued
by the bookkeeping institution or by the custodian institution, indicating the number of shares held by them of record no more than three (3)&nbsp;days prior to the Shareholders&#146; Meeting; and (ii)&nbsp;the shareholders represented by proxies
shall send to the Company the respective power of attorney; </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">b) The shareholders organized as investment funds shall send the Company, within the same
period mentioned in item (a)&nbsp;above: (i)&nbsp;evidence of the capacity of fund manager conferred upon the individual or legal entity representing the shareholder at the Shareholders&#146; Meeting, or the proxy granting such powers; (ii)&nbsp;the
corporate action of the manager, in case it is a legal entity, granting powers to the representative attending the Shareholders&#146; Meeting or to whom the power of attorney has been granted; and (iii)&nbsp;in the event the representative or proxy
is a legal entity, the same documents referred to in (ii)&nbsp;of this item, as related thereto; </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">c) The documents referred to in the preceding items may
be presented as copies, however the original documents referred to in item (a), shall be shown to the Company prior to the commencement of the Shareholders&#146; Meeting, the signatures of which shall not need to be notarized; </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">d) The Company shall adopt the principle of good faith in verifying the validity of the documents demonstrating the representative capacity of shareholder, and
will presume the truthfulness of the credible statements made to it; however, the shareholders who fail to present the respective power of attorney granted to their representatives, or the custodian&#146;s statement, in the event the shares are
recorded as held with a custodian institution, shall be prohibited from participating in the meeting; and </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">e) In the event the shareholders who were
present at the Shareholders&#146; Meeting (i)&nbsp;were not duly represented; or (ii)&nbsp;did not hold the stated number of shares, the Company shall notify them that, regardless of a new Shareholders&#146; Meeting, the Company shall disregard the
votes of such shareholders, and they shall be liable for losses and damages arising from their acts. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Article 13.&nbsp;&nbsp;&nbsp;&nbsp;
</B>Resolutions of the Shareholders&#146; Meeting shall require a majority vote of the attendees, not taking into account blank votes, except as otherwise provided for by law or in these Bylaws. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Article 14.&nbsp;&nbsp;&nbsp;&nbsp; </B>Minutes of the Shareholders&#146; Meetings shall be kept and signed by the presiding board of the meeting and by
the attending shareholders. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">11 </P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Article 15.&nbsp;&nbsp;&nbsp;&nbsp; </B>The Shareholders&#146; Meeting shall determine the overall
compensation of the members of the Board of Directors and of the executive officers. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">&#167;1&nbsp;&nbsp;&nbsp;&nbsp; The Board of Directors shall
determine the compensation to be paid to the Chief Executive Officer and the other executive officers, considering the proposal of the People Committee, in accordance with the amount set forth at the Shareholders&#146; Meeting, in the introductory
paragraph of this Article and the competencies of the People Committee, as provided for in Article 41 herein. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">&#167;2&nbsp;&nbsp;&nbsp;&nbsp; The members
of the Board of Directors and the executive officers are entitled to profit sharing, as provided for by law. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CHAPTER IV </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Management &#150; General Rules </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Article 16.&nbsp;&nbsp;&nbsp;&nbsp; </B>The Company shall be managed by a Board of Directors and a Board of Executive Officers. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Sole Paragraph. The commencement of the termof the directors and executive officers, which shall not require the posting of a bond, shall be contingent upon
their adhesion to the Disclosure and Trading Policy adopted by the Company and execution of the respective deed of investiture, which shall include consent to the contents of Article 52 hereof. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CHAPTER V </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Board of
Directors </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">Section I &#150; Members </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Article 17.&nbsp;&nbsp;&nbsp;&nbsp; </B>The Board of Directors shall be comprised of at least five (5)&nbsp;and at maximum eleven (11)&nbsp;members, all of
whom shall be elected and removable at the Shareholders&#146; Meeting, for a unified term of two (2)&nbsp;years, with reelection being permitted. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">&#167;1&nbsp;&nbsp;&nbsp;&nbsp; The positions of Chairman of the Board of Directors and Chief Executive Officer or principal executive of the Company may not
be held by the same individual. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">&#167;2&nbsp;&nbsp;&nbsp;&nbsp; The Board of Directors shall adopt Internal Bylaws that shall provide for, among other
relevant matters, its own operation, and the rights and duties of its members, as well as their relationship with the Board of Executive Officers and other corporate bodies. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">&#167;3&nbsp;&nbsp;&nbsp;&nbsp; Observed the requirements set forth in the Company&#146;s corporate policies, the only persons eligible for election to the
Board of Directors, unless otherwise permitted by the Shareholders&#146; Meeting, shall be those who, in addition to complying with legal and regulatory requirements and being of well-regarded reputation, do not hold any position in a company which
may be considered a competitor of the Company or its controlled companies, and do not have, nor represent, a conflicting interest with the Company&#146;s interest or those of its controlled companies; it shall be presumed that a person has a
conflicting interest with the Company if, cumulatively: (i)&nbsp;he/she has been elected by a shareholder who has also elected a director in a competing company; and (ii)&nbsp;he/she has a subordinate relationship with the shareholder who elected
him/her. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">&#167;4&nbsp;&nbsp;&nbsp;&nbsp; Subject to the introductory paragraph of this Article, the number of members who will comprise the Board of
Directors for each term of office shall be determined at each Shareholders&#146; Meeting electing the members of the Board of Directors, and which must be submitted to a vote by the chairman of the Meeting. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Article 18.&nbsp;&nbsp;&nbsp;&nbsp; </B>The Board of Directors of the Company shall have, at least, thirty percent (30%)&nbsp;or 02 (two), whichever is
higher, independent members, pursuant to the New Market Regulation, and the classification of the appointed members of the Board of Directors as independent Directors shall be voted on the Shareholders meeting that elect them. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">&#167;1&nbsp;&nbsp;&nbsp;&nbsp; When, as a result of compliance with the percentage referred to in the introductory paragraph of this Article, the number of
directors results in a fraction, such number will be rounded to the immediately higher whole number. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Article 19.&nbsp;&nbsp;&nbsp;&nbsp; </B>If a
member of the Board of Directors fails to meet the requirements set forth in Article 17 above due to a supervening or unknown fact at the time of his/her election, he/she shall be immediately replaced. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Sole Paragraph. The same actions provided for in the introductory paragraph of this Article shall be taken in the event any of the independent Directors fails
to meet the independence criteria set forth in the New Market Regulation, resulting in noncompliance with the minimum share of thirty percent (30%)&nbsp;of independent Directors, as provided in Article 18 hereof. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">12 </P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">Section II &#150; Election </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Article 20. </B>Except for the provisions in Article 21, the election of the members of the Board of Directors shall be made through the nomination of a
slate of candidates. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">&#167;1&nbsp;&nbsp;&nbsp;&nbsp; Under the election provisions of this Article, only the following slates of candidates will be
eligible for election: (a)&nbsp;those nominated by the Board of Directors; or (b)&nbsp;those nominated by any shareholder or group of shareholders, as provided for in Paragraph 3 hereof. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">&#167;2&nbsp;&nbsp;&nbsp;&nbsp; At the date the Shareholders&#146; Meeting for electing the members of the Board of Directors is called, the Board of
Directors shall make available at the Company&#146;s headquarters a statement signed by each of the members of the slate of candidates nominated by it, containing: (a)&nbsp;their full identification; (b)&nbsp;a complete description of their
professional experience, describing the professional activities previously performed, as well as their professional and academic qualifications; and (c)&nbsp;information about disciplinary and judicial proceedings for which a final judgment was
rendered and in which any such members have been convicted, as well as inform, if the case may be, the existence of events of limitations or conflict of interest provided for in Article 147, Paragraph 3 of Law 6,404/76. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">&#167;3&nbsp;&nbsp;&nbsp;&nbsp; The shareholders or group of shareholders desiring to propose another slate of candidates to be elected to the Board of
Directors shall, at least five (5)&nbsp;days prior the date of the Shareholders&#146; Meeting, send to the Board of Directors statements individually signed by the candidates nominated by them, containing the information mentioned in the preceding
Paragraph; the Board of Directors shall immediately disclose such information, by notice posted on the Company&#146;s internet website and sent by electronic means of communication to the CVM and the B3 notifying them that the documents with respect
to the other slate of candidates submitted to the Board of Directors are available to the shareholders at the Company&#146;s headquarters. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">&#167;4&nbsp;&nbsp;&nbsp;&nbsp; The persons nominated by the Board of Directors or by shareholders shall be identified, as the case may be, as candidates to
independent Directors, subject to the provisions of Article 18 above, as well as the contents of the new Market Regulation. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">&#167;5&nbsp;&nbsp;&nbsp;&nbsp; The same person may stand for election in two or more slates of candidates, including those nominated by the Board of
Directors. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">&#167;6&nbsp;&nbsp;&nbsp;&nbsp; Each shareholder shall be entitled to vote for only one slate of candidates, and the slate of candidates
receiving the largest number of votes at the Shareholders&#146; Meeting will be elected. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Article 21.&nbsp;&nbsp;&nbsp;&nbsp; </B>When electing members
to the Board of Directors, shareholders will be entitled to request, as required by law, the adoption of a cumulative voting process, provided that they do so within, at least, forty-eight (48)&nbsp;hours in advance of the Shareholders&#146;
Meeting. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">&#167;1&nbsp;&nbsp;&nbsp;&nbsp; The Company, immediately after receiving the request, shall notify the CVM and the B3 by electronic means and
post on its internet website that the election will be conducted by cumulative voting. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">&#167;2&nbsp;&nbsp;&nbsp;&nbsp; In the event members of the Board
of Directors are elected by cumulative voting, the candidates will not be elected through a nomination on a slate of candidates; the candidates for the Board of Directors shall be those who are part of the slate of candidates as provided for in
Article 20, as well as the candidates who are nominated by a shareholder attending the meeting, provided that the Shareholders&#146; Meeting is provided with the statements signed by these candidates as set forth in Paragraph 2 of Article 20 of
these Bylaws. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">&#167;3&nbsp;&nbsp;&nbsp;&nbsp; Each shareholder shall be entitled to cast the entirety of the votes to which he/she is entitled on one
sole candidate or to distribute them among several candidates; the candidates who received the largest number of votes shall be elected. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">&#167;4&nbsp;&nbsp;&nbsp;&nbsp; Positions that are not filled due to a tie vote shall require a new election, following the same procedure, adjusting the
number of votes to which each shareholder will be entitled to the number of positions to be filled. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">&#167;5&nbsp;&nbsp;&nbsp;&nbsp; In the event the
election has been conducted by cumulative voting, the removal of any member of the Board of Directors by the Shareholders&#146; Meeting shall entail the removal of the other members, giving rise to a new election. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">&#167;6&nbsp;&nbsp;&nbsp;&nbsp; In the event the Company may be controlled by one shareholder or group of shareholders, as defined in Article 116 of law no.
6,404/76, shareholders representing ten percent (10%)&nbsp;of the capital stock may require, in conformity with Paragraph 4 of Article 141 of Law 6,404/76, that the election of one of the members of the Board of Directors is carried out separately,
notwithstanding the rules set forth in Article 20 above. </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Article 22.&nbsp;&nbsp;&nbsp;&nbsp; </B>In the event a director residing and domiciled outside Brazil is
elected, the commencement of his/her term shall be conditioned on the appointment of an attorney-in-fact, residing and domiciled in Brazil, empowered to receive service of process for any corporate law-based lawsuit that may be brought against
him/her. The term of such power of attorney shall be for, at least, three (3)&nbsp;years after the end of the term of office of the respective director. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Article 23.&nbsp;&nbsp;&nbsp;&nbsp; </B>The Board of Directors shall elect a Chairman and Vice-Chairman among its members, to occur at the first meeting
after the commencement of the directors&acute; term or at the first meeting after there is a vacancy of these positions on the Board of Directors. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">Section III &#150; Meetings and Replacements </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Article 24. </B>The Board of Directors shall hold regular meetings once every three (3)&nbsp;months and special meetings whenever called by the Chairman or
by any two (2)&nbsp;directors. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">&#167;1&nbsp;&nbsp;&nbsp;&nbsp; The meetings of the Board of Directors shall be called in writing, by letter, telegram,
fax, e-mail or any other form that allows proof of receipt of the call notice by the recipient, and shall contain, in addition to the place, date and time of the meeting, the agenda. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">&#167;2&nbsp;&nbsp;&nbsp;&nbsp; The meetings of the Board of Directors shall be called at least three (3)&nbsp;days in advance. Regardless of the formalities
observed in calling the meeting, a meeting shall be deemed to be duly called if attended by all the members of the Board of Directors. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">&#167;3&nbsp;&nbsp;&nbsp;&nbsp; In case of urgency, the Chairman of the Board of Directors (or a third party he or she may appoint) may call a meeting of the
Board of Directors with less than the period provided for in Paragraph 2 of this Article, provided that in this case the meeting shall not be held unless at least two-thirds (2/3)&nbsp;of the elected members attend the meeting. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">&#167;4&nbsp;&nbsp;&nbsp;&nbsp; The directors may attend the meetings of the Board of Directors by telephone conference, videoconference or by any other means
of communication allowing the identification of the director and simultaneous communication with all the other persons present at the meeting. In this case, directors will be considered to be present at the meeting and sign the corresponding
minutes. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Article 25.&nbsp;&nbsp;&nbsp;&nbsp; </B>Except for the provisions in Paragraph 3 of Article 24, the majority of the directors must attend a
meeting of the Board of Directors for it to commence, including the Chairman or the Vice-Chairman, and the resolutions shall require a majority vote, with the Chairman or, in his/her absence, the Vice-Chairman, in addition to his/her own vote,
providing the casting vote. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Sole Paragraph. In event of absence or temporary unavailability of the Chairman of the Board of Directors, his/her duties
will be exercised, on a temporary basis, by the Vice-Chairman or by another member of the Board of Directors nominated by him/her. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Article
26.&nbsp;&nbsp;&nbsp;&nbsp; </B>No member of the Board of Directors may have access to information, take part in resolutions and discussions of the Board of Directors or of any managing bodies, vote or, in any manner, intervene in the matter in
which he/she is directly or indirectly in a conflict with the Company&#146;s interests, as provided for by law. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Article 27.&nbsp;&nbsp;&nbsp;&nbsp;
</B>Except for the provisions in Paragraph 5 of Article 21, a substitute for a vacancy on the Board of Directors shall be appointed by the remaining directors and shall hold the office until the subsequent Shareholders&#146; Meeting, at which a new
director shall be elected for remaining term of office of the replaced director. In the event of vacancy of the majority of the Board of Directors, a Shareholders&#146; Meeting shall be called within fifteen (15)&nbsp;days from the date thereof, in
order to elect substitutes, who shall complete the term of office of the replaced members. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">Section IV &#150; Powers </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Article 28. </B>The Board of Directors shall have the power to: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">a) set the general guidelines of the Company&#146;s and its subsidiaries&#146; business; </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">b) elect and remove the executive officers of the Company, appointing among them the Chief Executive Officer and the Investor Relations Officer, and define
their duties; </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">c) oversee the management of the executive officers; examine, at any time, the books and documents of the Company; request information about
agreements previously entered into or in the process of being entered into by the Company or by its subsidiaries; </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">d) express its opinion with respect to
Management Report and the financial statements of the Company, submitting them to the Shareholders&#146; Meeting for approval; </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">14 </P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">e) fix the compensation of the members of the Board of Directors and the individual compensation of the
Executive Officers of the Company, considering the proposal of the People&#146;s Committee, according to article 41, single paragraph, &#147;b&#148;. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">f)
define the overall criteria regarding the compensation and benefits policy of the directors and executive officers as well as of the senior employees of the Company and, whenever necessary, of its subsidiaries, taking into consideration the People
Committee&#146;s proposal; </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">g) grant stock options under the terms of Article 8 of these Bylaws; </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">h) call the Shareholders&#146; Meetings; </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">i) submit a slate of
candidates to the Shareholders&#146; Meeting for election of directors, pursuant to Article 20 of these Bylaws; </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">j) propose to the Shareholders&#146;
Meeting the allocation of the balance of the adjusted net profit for the year, as referred to in letter &#147;c&#148;, paragraph one of Article 54 of these Bylaws; </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">k) approve the preparation of financial statements at shorter intervals than the fiscal year, the distribution of dividends based on such financial statements
or interim dividends, as well as the payment or crediting of interest on own capital, under the terms of the applicable laws; </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">l) pass resolutions on the
issuance of shares, debentures convertible into shares and subscription warrants, within the limits of the authorized capital of the Company; </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">m) submit
proposals to the Shareholders&#146; Meeting concerning an amalgamation, spin-off, merger, merger of shares or dissolution of the Company, as well as amendments to these Bylaws; </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">n) authorize the acquisition of shares of the Company to be held as treasury shares, cancelled or subsequently disposed of, subject to applicable laws; </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">o) approve the public issuance of commercial promissory notes by the Company or by its controlled companies; </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">p) approve the following transactions, either by the Company or by its controlled companies, when the value exceeds five percent (5%)&nbsp;of the
Company&#146;s shareholders&#146; equity: (i)&nbsp;acquisition, disposal or encumbrance of assets; (ii)&nbsp;granting of collateral; (iii)&nbsp;borrowings or waivers of any rights; (iv)&nbsp;investment or investment project; and (v)&nbsp;direct or
indirect acquisition or disposal of an equity interest, including by means of a consortium or special partnership; </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">q) approve the execution of
shareholders&#146; agreements by the Company or by its controlled companies; </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">r) select and dismiss the independent auditors, after receiving the Audit
Committee&#146;s opinion; </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">s) express an opinion as to whether it is in favor or against any tender offer for the shares of the Company, through a prior
opinion containing the reasons for such position disclosed within 15 (fifteen) days from the publication of the tender offer notice, opinion which should cover, at minimum: (i)&nbsp;the convenience and opportunity of the tender offer for the Company
and its shareholders as a whole, including with respect to the price and potential impacts on share liquidity; (ii)&nbsp;any alternatives to accepting the tender offer for the shares on free float; </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">t) approve corporate policies as per the proposals submitted by the relevant entities; and </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">u) pass resolutions on other matters not regulated by these Bylaws, as well as otherwise resolving such matters. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Article 29. </B>The Chairman of the Board of Directors shall: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">a) call the Shareholders&#146; Meeting, whenever so decided by the Board of Directors or, exceptionally, on his/her own initiative, in which case he/she shall
immediately inform the other directors of the meeting; </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">b) call and preside the meetings of the Board of Directors; </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">c) communicate the dates of the regular meetings and oversee the Board of Director&#146;s administrative activities; and </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">d) convey resolutions made by the Board of Directors to the Board of Executive Officers and instruct the latter on the fulfillment thereof. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Article 30.&nbsp;&nbsp;&nbsp;&nbsp; </B>The Vice-Chairman of the Board of Directors shall replace the Chairman, in his/her occasional absences and
unavailability and, in case of vacancy in the office of Chairman, to hold such office until the date of the election of the new Chairman. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">15 </P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CHAPTER VI </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Board of Executive Officers </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Article
31.&nbsp;&nbsp;&nbsp;&nbsp; </B>The Board of Executive Officers shall be comprised of up to eight (8)&nbsp;executive officers, who may or may not be shareholders, shall be resident in Brazil and be elected by the Board of Directors, without specific
designation except for the Chief Executive Officer and the Investor Relations Officer. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Sole paragraph.&nbsp;&nbsp;&nbsp;&nbsp; The term of the members of
the Board of Executive Officers shall be 2 (two) years, with reelection permitted, and will continue until each successor is elected. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Article
32.&nbsp;&nbsp;&nbsp;&nbsp; </B>The Board of Executive Officers shall hold meetings whenever the interest of the Company shall so require and their decisions shall be made by simple majority of votes, requiring one-half of the number of the elected
members to form a quorum, with the Chief Executive Officer, in addition to his/her own vote, providing the casting vote. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Article
33.&nbsp;&nbsp;&nbsp;&nbsp; </B>The Board of Executive Officers shall perform the acts necessary for the regular operation of the Company and for the management of its business, and shall be authorized to open and close branches, offices or other
premises and facilities in any location in Brazil or abroad, subject to the guidelines provided by the Board of Directors. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">&#167;1&nbsp;&nbsp;&nbsp;&nbsp; Actions which may affect third parties shall be signed by two executive officers, jointly, or by one executive officer and one
attorney-in-fact, or by two attorneys-in-fact, with specific powers. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">&#167;2&nbsp;&nbsp;&nbsp;&nbsp; The Company, acting by two of its executive
officers, may appoint attorneys-in-fact, specifying in the power of attorney the purpose thereof, the powers granted and the term of the power of attorney, which shall not exceed one year, unless the power of attorney is granted with ad judicia
powers, in which case it may be valid for an indefinite term. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">&#167;3&nbsp;&nbsp;&nbsp;&nbsp; The Board of Executive Officers may, in exceptional cases,
authorize the Company to be represented by one sole executive officer or one sole attorney-in-fact appointed for such purpose, and shall specify the purpose and limit of the powers granted in the minutes of the meeting. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Article 34. </B>&nbsp;&nbsp;&nbsp;&nbsp;The Chief Executive Officer shall: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">a) direct, instruct and coordinate the activities of the Company; </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">b) call and preside over the meetings of the Board of Executive Officers; and </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">c) represent the Company in court, either as plaintiff or defendant. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Article 35.</B> The executive officer exercising the duties of Investor Relations Officer shall provide information to investors, the CVM and the stock
exchange or over-the-counter market on which the Company&#146;s securities are traded, as well as maintain the registration of the Company updated in conformity with the CVM&#146;s applicable regulations and to meet the other requirements contained
in such regulations, in addition to exercising the duties assigned to him/her by the Board of Directors. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Article 36. </B>The executive officers
without a specific designation, in addition to their statutory duties, shall perform those duties which may be assigned to them by the Board of Directors. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Article 37. </B>The executive officers shall substitute each other, subject to the following conditions: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">a) in case of the occasional absence and unavailability of the Chief Executive Officer for a period of up to sixty (60)&nbsp;days, the Chairman of the Board of
Directors shall nominate a substitute for him/her from among the members of the Board of Executive Officers, and the substitute executive officer shall temporarily exercise the duties of Chief Executive Officer until the latter returns to his/her
office or the next following meeting of the Board of Directors, whichever occurs first; and </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">b) in case of vacancy in the office of an executive officer,
he/she may be replaced, until the following meeting of the Board of Directors, by another executive officer appointed by the Chief Executive Officer. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">16 </P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CHAPTER VII </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Committees </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Article
38.&nbsp;&nbsp;&nbsp;&nbsp; </B>The Company shall have the following support committees attached to the Board of Directors<U>:</U> </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">(a) Audit and Risks
Committee; </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">(b) People Committee; and </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">(c) Strategy Committee
</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">&#167;1&nbsp;&nbsp;&nbsp;&nbsp; Each committee shall have its own internal bylaws, which shall require the approval of the Board of Directors, to govern
matters associated with its working and define the role of its coordinator. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">&#167;2&nbsp;&nbsp;&nbsp;&nbsp; The Board of Directors may establish
additional committees for assisting it in the management of the Company, which may have specific purposes and may appoint their respective members. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">&#167;3&nbsp;&nbsp;&nbsp;&nbsp; The same obligations and restrictions imposed by law, by these Bylaws and by the New Market Regulation on the directors and
executive officers of the Company shall apply to the members of the Audit and Risks Committee, the People Committee, the Strategy Committee and other additional committees that may be established by the Board of Directors for assistance in the
management of the Company. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Article 39.&nbsp;&nbsp;&nbsp;&nbsp; </B>Subject to the criteria set forth below, the Committees shall be comprised of at
least three (3)&nbsp;members, being at least one of them a Director, all elected by the Board of Directors for a term of office of two (2)&nbsp;years, and the term shall coincide with the term of office of the Directors, with reelection being
permitted for successive terms. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">&#167;1&nbsp;&nbsp;&nbsp;&nbsp; During their term of office, the members of each Committee may not be replaced except for
the following reasons: </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">(a) death or resignation; </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">(b)
unjustified absence from three (3)&nbsp;consecutive meetings or six (6)&nbsp;alternate meetings per year; or </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">(c) a substantiated decision of the Board of
Directors. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">&#167;2&nbsp;&nbsp;&nbsp;&nbsp; In the event of a vacancy in any member of the Committees, the Board of Directors shall elect a person to
complete the term of office of the replaced member. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">Section I &#150; Audit and Risks Committee </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Article 40.&nbsp;&nbsp;&nbsp;&nbsp; </B>The Audit and Risks Committee shall include at least one (01)&nbsp;independent Director and at least one
(01)&nbsp;member with recognized experience in corporate accounting matters, as provided in the applicable regulations of the CVM. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">&#167;1&nbsp;&nbsp;&nbsp;&nbsp; A single member of the Audit and Risks Committee may concentrate the two foregoing requirements. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">&#167;2&nbsp;&nbsp;&nbsp;&nbsp; The Audit and Risks Committee shall: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">(a) recommend to the Board of Directors the retention and dismissal of independent audit services, as well as propose to the Board of Directors the nomination
of the independent auditors and their replacement; </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">(b) review the Management Report and the financial statements of the Company and of its controlled
companies, and provide the recommendations it deems necessary to the Board of Directors; </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">(c) review the quarterly financial information, interim
statements, and financial statements prepared by the Company; </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">(d) monitor the activities of the Company&#146;s internal audit and internal controls
departments, including follow up and assessment of the effectiveness and sufficiency of the internal control structure and of the internal and independent audit processes of the Company and of its controlled companies, including in relation to the
provisions set forth in the Sarbanes-Oxley Act, submitting the recommendations it deems necessary for the improvement of policies, practices and procedures; </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">(e) evaluate and monitor the Company&#146;s risk exposure, as per the Risk Management Policy, as well as to provide its opinion on any review of the contents
thereof, in addition to advising the Board of Directors in connection with the setting of acceptable risk levels; </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">(f) review, monitor and recommend to
management any corrections or improvements to be made to the Company&#146;s corporate policies; </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">17 </P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">(g) establish procedures for the acceptance and handling of information submitted by any party relating to
alleged noncompliance with applicable legal and regulatory requirements applicable to the Company, in addition to internal regulations, policies and codes, including procedures for confidential or anonymous submission, safeguarding information
secrecy; </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">(h) interact with the other Company&#146;s governing bodies in connection with the receipt and review of information on noncompliance with legal
and regulatory requirements applicable to the Company, as well as with internal regulations, policies and code; and </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">(i) provide its opinion on the matters
submitted to it by the Board of Directors, as well as on those matters it determines to be relevant. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">Section II &#150; People Committee
</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Article 41.</B> The People Committee shall be comprised of a minimum of two (2)&nbsp;independent Directors, and the other members may be Directors or
not. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Sole Paragraph. The People Committee shall: </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">(a)
propose to the Board of Directors the compensation to be paid to the directors and executive officers and senior employees of the Company and its controlled companies, to the members of the committees and of other governing bodies assisting the
Board of Directors, pursuant to the proposal received from the Chief Executive Officer, and periodically revise the parameters and guidelines and, as a result, the compensation policy and other benefits of the Company and its controlled companies;
</P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">(b) propose to the Board of Directors, pursuant to the proposal received from the Chief Executive Officer, the overall compensation of the directors and
executive officers of the Company, which shall be submitted to the Shareholders&#146; Meeting, and propose the individual compensation of the Board of Executive Officers; </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">(c) ensure that the Company prepares itself adequately for the succession of its directors, executive officers and other key employees, particularly the Chief
Executive Officer and the principal executive officers; and </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">(d) carry out diligence and supervise the steps taken to ensure that the Company adopts a
model of competence and leadership, attraction, retention and motivation in line with its strategic plans. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">Section III &#150; Strategy
Committee </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Article 42.</B> The Strategy Committee shall be comprised entirely of Directors and its duties shall be as follows: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">(a) to advise the Board of Directors in overall business direction, as well as in the drafting and monitoring of the Company&#146;s strategic plans and
budgets; </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">(b) to provide its opinion on, and monitor, the Company&#146;s strategic partnerships and main investments, as provided in the Investment Policy;
and </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">(c) to provide its opinion on the capital allocation strategy and on the management of the Company&#146;s portfolio, including mergers and
acquisitions. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CHAPTER VIII </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Fiscal Council (</B><B><I>Conselho Fiscal)</I></B><B> </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Article 43.&nbsp;&nbsp;&nbsp;&nbsp; </B>The Company&#146;s Fiscal Council shall be non-permanent and, when installed by the Shareholders&#146; Meeting as
provided in Law 6,404/76, shall be comprised of three (3)&nbsp;members and an equal number of alternate members, with such duties, powers and compensation as provided for by law. The Fiscal Council shall have a term of office of one (1)&nbsp;year,
with reelection being permitted. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">&#167;1&nbsp;&nbsp;&nbsp;&nbsp; Once the Fiscal Council has been installed, the commencement of the term of its full and
alternate members shall be conditioned on the execution of the respective indeed of investiture, which shall cover their consent to the contents of Article 52 hereof. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">&#167;2&nbsp;&nbsp;&nbsp;&nbsp; The Fiscal Council shall hold regular meetings once every quarter, and extraordinary meetings whenever necessary, and shall
keep minutes of such meetings in the Company&#146;s records. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">&#167;3&nbsp;&nbsp;&nbsp;&nbsp; The same obligations and restrictions imposed by law, these
Bylaws and the New Market Regulation on the directors and executive officers of the Company shall apply to the members of the Fiscal Council. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">18 </P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CHAPTER IX </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Tender Offers </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Section I
&#150; Sale of a Controlling Interest </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Article 44.</B>&nbsp;&nbsp;&nbsp;&nbsp; A direct or indirect sale of the controlling interest in the
Company, either in a single transaction, or in a series of successive transactions, shall be conditioned upon the buyer making a tender offer for shares issued by the Company held by the remaining shareholders, subject to the conditions and terms
set forth under the applicable laws and regulations and in the New Market Regulation, in order to provide shareholders equal treatment to that afforded to the seller. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Sole Paragraph. The buyer of a controlling interest shall, after the financial settlement of the foregoing tender offer, take the appropriate actions to, over
the course of the subsequent eighteen (18)&nbsp;months, restore the minimum percentage of outstanding shares as per the New Market Regulation. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">Section II &#150; Acquisition of Relevant Interest </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Article 45.&nbsp;&nbsp;&nbsp;&nbsp; </B>Any person, regardless of whether he/she is a shareholder, which, on his/her own account or through Joint Action
with another person (&#147;Purchaser of a Relevant Interest&#148;), acquires or becomes the holder of Company shares, through a single transaction or a series of successive transactions, representing twenty percent (20%)&nbsp;or more of its capital
stock (&#147;Relevant Interest&#148;), shall be required to make a tender offer for the acquisition of the shares held by the remaining shareholders at a price equal to the highest value per share paid by him/her in the preceding six
(6)&nbsp;months, adjusted pursuant to the SELIC Rate. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">&#167;1&nbsp;&nbsp;&nbsp;&nbsp; The Purchaser of a Relevant Interest shall not be required to make
the tender offer provided for in this Article, in case he/she shall timely and cumulatively: (a)&nbsp;notify the Company of his/her intent to exercise the right provided for in this Paragraph within forty-eight (48)&nbsp;hours from the time he/she
becomes owner of the Relevant Interest; and (b)&nbsp;sell, on a stock exchange, the number of shares of capital stock of the Company that exceeds the Relevant Interest, within thirty (30)&nbsp;days from the date of the notice mentioned in item
(a)&nbsp;of this Paragraph. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">&#167;2&nbsp;&nbsp;&nbsp;&nbsp; For purposes of calculating the limit of twenty percent (20%)&nbsp;set forth in the
introductory paragraph of this Article, treasury shares held by the Company shall be excluded. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">&#167;3&nbsp;&nbsp;&nbsp;&nbsp; The offer referred to in
this Article shall not be required in the event any shareholder, or shareholders joined by a voting agreement registered with the Company, or shareholders who have a controlling relationship or are under common control are holders of more than
one-half of the capital stock at the time of the acquisition of the Relevant Interest, excluding, for effects of such calculation, treasury shares held by the Company. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">&#167;4&nbsp;&nbsp;&nbsp;&nbsp; The obligation to carry out the offer provided for in the introductory paragraph of this Article shall not apply in the event
the obligation to carry out the offer provided for in Article 44 applies. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">Section III &#150;Deregistration as Publicly-Held Company and
Withdrawal from the New Market </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Article 46.&nbsp;&nbsp;&nbsp;&nbsp; </B>The Company&#146;s deregistration as a publicly-held company, shall be preceded
by a tender offer for shares at a fair price, such a tender offer to abide by the procedures and requirements set forth in Law 6,404/76 and the CVM regulations governing tender offers for the purposes of deregistration as a publicly held company.
</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Article 47</B>.&nbsp;&nbsp;&nbsp;&nbsp; The Company&#146;s withdrawal from the New Market, be it voluntary, mandatory or as a result of a corporate
reorganization, shall abide by the rules set forth in the New Market Regulation. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Article 48</B>.&nbsp;&nbsp;&nbsp;&nbsp; As provided in the New Market
Regulation and except for the provisions of Article 49, next, the Company&#146;s voluntary withdrawal from the New Market, in order for its shares to be registered outside the New Market shall be preceded by a tender offer for shares in line with
the procedures set forth in CVM Regulations governing tender offers for shares for the purposes of deregistration as a publicly listed company, and the following requirements: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">(a) the price of the tender shall be fair and calculated pursuant to the parameters set forth in Article 4-A of Law 6,404/76 and the applicable CVM
Regulations; </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">(b) holders of interests in excess of one-third (1/3)&nbsp;of shares outstanding shall accept the tender offer or explicitly agree with
withdrawal from the segment without selling their shares. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Sole Paragraph &#150; For the purposes of Article 48, item &#147;b&#148;, of the present
Bylaws, outstanding shares shall be only those whose holders explicitly agree with withdrawal from the New Market or qualify for the tender offer auction as per the CVM regulations governing tender offers for the purposes of deregistration as a
publicly listed company. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">19 </P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Article 49. </B>Voluntary withdrawal from the New Market as provided in foregoing Article 48 may take
place irrespective of a tender offer if such a waiver is approved by the Shareholders&#146; Assembly, to convene: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="4%" VALIGN="top" ALIGN="left">(a)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">on first call with the attendance of shareholders representing, at least, two-thirds (2/3)&nbsp;of all shares
outstanding; or </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="4%" VALIGN="top" ALIGN="left">(b)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">on second call with any number of holders of outstanding shares in attendance. </P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Sole Paragraph &#150; The decision regarding the foregoing waiver of a tender offer shall be made by a majority vote of the holders of outstanding shares in
attendance at the Shareholders&#146; Meeting; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Article 50. </B>A single tender offer may be made for more than one of the purposes provided for in this
Chapter, in the New Market Regulation, in Law 6,404/76 or in the regulations issued by the CVM, provided that the procedures used in the tender offer are compatible with all requirements of each different tender offer, the tender offer offerees do
not suffer any damages and the authorization of the CVM is obtained, when required by applicable law. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Article 51.</B> To the extent the rights
provided for in these Bylaws to shareholders with respect to tender offers are affected, the rules set forth by the New Market Regulation will prevail over the provisions herein. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CHAPTER X </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Arbitration
Court </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Article 52.&nbsp;&nbsp;&nbsp;&nbsp; </B>The Company, its shareholders, directors and executive officers and the full and alternate members
of the Fiscal Council, if any, are required to submit to arbitration at the Market Arbitration Tribunal, pursuant to the rules thereof, any and all controversies arising between them, either related to or resulting from their status as issuer,
shareholders, managers and members of the Fiscal Council, in particular if arising from the provisions set forth in Law 6,385/76, Law 6,404/76, in the Bylaws, in the rules enacted by the National Monetary Council, the Central Bank of Brazil and the
CVM, as well as other rules applicable to capital markets in general, in addition to those set forth in the New Market Regulation, other B3 regulations and the New Market Participation Agreement. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CHAPTER XI </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Fiscal Year
</B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Article 53.&nbsp;&nbsp;&nbsp;&nbsp; </B>The fiscal year begins on January&nbsp;1<SUP STYLE="font-size:85%; vertical-align:top">st</SUP> and ends on
December&nbsp;31<SUP STYLE="font-size:85%; vertical-align:top">st</SUP> of each year. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Article 54.&nbsp;&nbsp;&nbsp;&nbsp; </B>After the balance sheet
and the other financial statements are prepared, and after the deduction of accrued losses, the provision for income tax and, if applicable, the provision for directors&#146; and executive officers&#146; annual profit sharing, five percent
(5%)&nbsp;of the net profit will be allocated to the legal reserve, up to the limit of twenty percent (20%)&nbsp;of the capital stock. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">&#167;1&nbsp;&nbsp;&nbsp;&nbsp; The remaining profit will have the following destination: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">a) fifty percent (50%)&nbsp;for payment of the mandatory dividend to the shareholders, deducted by semiannual or interim dividends that may have already been
distributed; and </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">b) by proposal of the managing bodies, up to fifty percent (50%)&nbsp;for creating an investment reserve, aimed at protecting the
integrity of the Company&acute;s assets and to supplement its capital stock, in order to allow new investments to be made, up to the limit of one hundred percent (100%)&nbsp;of the capital stock, provided that the balance of such reserve, when
combined with other profit reserve balances, except for the unrealized profit reserve and the contingency reserves, shall not exceed one hundred percent (100%)&nbsp;of the capital stock and, once such limit is reached, the shareholders&#146; meeting
shall determine the allocation of the surplus through an increase of the capital stock or in the distribution of dividends; and </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">c) the balance will be
allocated according to the resolution adopted at the Shareholders&#146; Meeting, which will take into account the Board of Directors&#146; proposal. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">&#167;2&nbsp;&nbsp;&nbsp;&nbsp; The Company may, in addition to the annual balance sheet, prepare semiannual or interim balance sheets at any time, and the
Board of Directors may, ad referendum of the Shareholders&#146; Meeting, declare interim dividends to the account of retained earnings or profit reserves recorded in its latest annual or semiannual balance sheets. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">&#167;3&nbsp;&nbsp;&nbsp;&nbsp; Dividends not claimed within three (3)&nbsp;years from the date they were made available to the shareholders shall be
forfeited to the Company. </P> <P STYLE="font-size:18pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">20 </P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CHAPTER XII </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Miscellaneous </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Article 55. </B>The
Company shall be liquidated as provided for by law, and the Shareholders&acute; Meeting shall decide the method of liquidation, appoint the liquidator and elect the Fiscal Council to operate during the liquidation process. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Article 56. </B>The minutes of the Shareholders&#146; Meetings, as well as the minutes of meetings of the Board of Directors and of the Board of Executive
Officers, shall be mechanically issued, in separate pages, and signed by the attendees, for subsequent bookbinding. In the event they contain resolutions affecting third parties, they shall be filed with the Commerce Registry Office and published.
</P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">21 </P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>SIGNATURES </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned,
thereunto duly authorized. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Date: April&nbsp;15, 2020 </P> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><DIV ALIGN="right">
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<TD VALIGN="top" COLSPAN="3"><B>ULTRAPAR HOLDINGS INC.</B></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">By:</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000">/s/ Andre Pires de Oliveira Dias</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top" COLSPAN="3"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Name: Andre Pires de Oliveira Dias</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">Title: Chief Financial and Investor Relations Officer</P></TD></TR>
</TABLE></DIV> <P STYLE="margin-top:36pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>(Minutes of the Annual and Extraordinary General Shareholders&#146; Meeting held on April&nbsp;15, 2020 and Bylaws of
Ultrapar) </I></P>
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